NASCLA ACCREDITED - JJ JOHNSON
CONTRACTOR SEMINAR PRACTICE
EXAMINATION 2026 QUESTIONS WITH
ANSWERS GRADED A+
◍ Acknowledgments.
Answer: names any individuals who contributed to the project but are not
included as authors on the paper.
◍ 18 years old.
Answer: A roofing contractor wants to hire some summer help. The summer
help should be at least how old?
◍ Turn key.
Answer: The construction firm is obligated to complete a project according
to prespecified criteria but with expanded responsibility and liability a price
is generally fixed at the time the contract is signed
◍ Mediation.
Answer: A dispute resolution process in which parties are assigned in
reaching a resolution
◍ payment bond.
Answer: guarantees that the subcontractors and suppliers will be paid for
work if they perform properly under the contract
◍ S corporation.
Answer: The owner who is looking for maximum protection from personal
liability will choose this
◍ Daily Journal.
Answer: The complete record of all activities and events at the construction
, site is called the.....
◍ stakeholder.
Answer: Person who has a stated objective for the performance of a fire
alarm system
◍ Retainage.
Answer: What is a percentage of the amount due to the contractor held by
the owner pending satisfactory completion of the project called?
◍ S corporation.
Answer: Requirements of this type of business are:domestic corporation
with one class of stock, no more than 100 shareholders who are citizens of
the U.S., use of a permitted tax year, filing of IRS form 2553
◍ Lien bond.
Answer: Guarantees that liens cannot be placed against the owners property
by contractors for payment of service
◍ payments from an individual retirement account.
Answer: Which is exempt from your state's withholding?
◍ Bonds.
Answer: Which of the following is NOT a company overhead cost?
◍ Federal unemployment Tax.
Answer: What employment tax is paid solely by the employer?
◍ Arbitration.
Answer: A dispute resolution process in which the parties agree to be bound
by the final decision
◍ surety bond.
Answer: What is the coverage called that guarantees that the successful
bidder will finish the project?
◍ contractor.
Answer: Who is responsible for making up any shortfalls if the estimates are
too low?
, ◍ Lump sum contract.
Answer: Contractor agrees to complete the project for a pre-determined
specified price The contractor assumes all risk
◍ partnership or as a corporate entity.
Answer: An LLC with more than one owner may elect to be taxed as?
◍ Show the financial condition of the business on a specific date.
Answer: the function of the balance sheet is to.....?
◍ fiduciary.
Answer: a person who holds assets in trust for a beneficiary
◍ Fire marshal.
Answer: Typically determines the code and standards that apply to a project
and interprets their requirements
◍ Commercial general liability CGL.
Answer: Offers basic liability coverage covers for types of injuries including
bodily injuries that result in the actual physical damage or loss for
individuals who are not employees damage or loss to property not belonging
to business personal injuries advertising injuries
◍ OSHA form 301.
Answer: An individual incident report that provides at least detail about each
specific recordable injury or illness
◍ Foreman.
Answer: Assists the superintendent with daily project operations oversees all
of the daily operations usually dedicated to a specific trade
◍ cost plus contract.
Answer: contractor us reimbursed for the actual cost of labor and materials
and is paid a markup fee for overhead and profit
◍ 29 CFR 1926.
Answer: Safety and health regulations for the construction industry
CONTRACTOR SEMINAR PRACTICE
EXAMINATION 2026 QUESTIONS WITH
ANSWERS GRADED A+
◍ Acknowledgments.
Answer: names any individuals who contributed to the project but are not
included as authors on the paper.
◍ 18 years old.
Answer: A roofing contractor wants to hire some summer help. The summer
help should be at least how old?
◍ Turn key.
Answer: The construction firm is obligated to complete a project according
to prespecified criteria but with expanded responsibility and liability a price
is generally fixed at the time the contract is signed
◍ Mediation.
Answer: A dispute resolution process in which parties are assigned in
reaching a resolution
◍ payment bond.
Answer: guarantees that the subcontractors and suppliers will be paid for
work if they perform properly under the contract
◍ S corporation.
Answer: The owner who is looking for maximum protection from personal
liability will choose this
◍ Daily Journal.
Answer: The complete record of all activities and events at the construction
, site is called the.....
◍ stakeholder.
Answer: Person who has a stated objective for the performance of a fire
alarm system
◍ Retainage.
Answer: What is a percentage of the amount due to the contractor held by
the owner pending satisfactory completion of the project called?
◍ S corporation.
Answer: Requirements of this type of business are:domestic corporation
with one class of stock, no more than 100 shareholders who are citizens of
the U.S., use of a permitted tax year, filing of IRS form 2553
◍ Lien bond.
Answer: Guarantees that liens cannot be placed against the owners property
by contractors for payment of service
◍ payments from an individual retirement account.
Answer: Which is exempt from your state's withholding?
◍ Bonds.
Answer: Which of the following is NOT a company overhead cost?
◍ Federal unemployment Tax.
Answer: What employment tax is paid solely by the employer?
◍ Arbitration.
Answer: A dispute resolution process in which the parties agree to be bound
by the final decision
◍ surety bond.
Answer: What is the coverage called that guarantees that the successful
bidder will finish the project?
◍ contractor.
Answer: Who is responsible for making up any shortfalls if the estimates are
too low?
, ◍ Lump sum contract.
Answer: Contractor agrees to complete the project for a pre-determined
specified price The contractor assumes all risk
◍ partnership or as a corporate entity.
Answer: An LLC with more than one owner may elect to be taxed as?
◍ Show the financial condition of the business on a specific date.
Answer: the function of the balance sheet is to.....?
◍ fiduciary.
Answer: a person who holds assets in trust for a beneficiary
◍ Fire marshal.
Answer: Typically determines the code and standards that apply to a project
and interprets their requirements
◍ Commercial general liability CGL.
Answer: Offers basic liability coverage covers for types of injuries including
bodily injuries that result in the actual physical damage or loss for
individuals who are not employees damage or loss to property not belonging
to business personal injuries advertising injuries
◍ OSHA form 301.
Answer: An individual incident report that provides at least detail about each
specific recordable injury or illness
◍ Foreman.
Answer: Assists the superintendent with daily project operations oversees all
of the daily operations usually dedicated to a specific trade
◍ cost plus contract.
Answer: contractor us reimbursed for the actual cost of labor and materials
and is paid a markup fee for overhead and profit
◍ 29 CFR 1926.
Answer: Safety and health regulations for the construction industry
