NASCLA Contractor's Guide To Business, Law, And Project Management, Florida 1st Edition Practice Test 2 Questions And Answers 2024

NASCLA Contractor's Guide To Business, Law, And Project Management, Florida 1st Edition Practice Test 2 Questions And Answers 2024 1. Which of the following bonds guarantees that the contractor has paid the subcontractor? A. Bid bond B. Performance bond C. Payment bond D. James bond Payment Bond 2. The _____________ method recognizes income when the employer has done the work, yet has not received the income. A. Accrual B. Appreciation C. Deprecation D. Cash Cash 3. A ___________________ bundles all cost factors for entire task. A. Lump sum B. Cost plus C. Percent completion method D. Unit price method Unit Price Method 4. _______________ requires paying prevailing wages in federally-financed projects. A. Service Contract Act