VA Contractors: General (Class A or
B)
Which of the following estimating methods is typically used by the architect
rather than the contractor? - -Conceptual estimate
-An agreement that calls for a contractor to be paid actual costs for labor
and materials plus a fixed fee for the contractor's overhead and profit is
called a... - -cost plus contract
-Equipment needs for a project are BEST estimated by... - -Calculating the
number of hours or days it is needed
-What type of insurance is needed for a partnership to insure that the
business does NOT go out of business if one partner dies? - -Key man
-An owner hires a construction manager for a project. Which of the following
is TRUE with regard to subcontractors? - -The subcontractors are prime
contractors
-What protects a contractor from risk? - -Insurance
-An ADVANTAGE of a Critical Path Method (CPM) schedule is it... - -Identifies
activities that MUST be completed before other activities can occur
-What may be covered by an allowance in a contract? - -Light fixture costs
-Which of the following is considered ethical behavior? - -Failing to disclose
one subcontractor's bid to another
-Compensation paid to independent contractors is reported on Form... - -
1099
-The BEST business practice for special-ordered materials is to... - -put the
order requirements in writing
-A contract refers to an insurance agreement that the contractor is
REQUIRED to have. This is considered... - -Part of the contract
-Records of an employee's exposure to hazardous materials MUST be kept a
MINIMUM of how many years? - -30 years
-AT LEAST how often should employees watch for possible hazards at the job
site? - -constantly
B)
Which of the following estimating methods is typically used by the architect
rather than the contractor? - -Conceptual estimate
-An agreement that calls for a contractor to be paid actual costs for labor
and materials plus a fixed fee for the contractor's overhead and profit is
called a... - -cost plus contract
-Equipment needs for a project are BEST estimated by... - -Calculating the
number of hours or days it is needed
-What type of insurance is needed for a partnership to insure that the
business does NOT go out of business if one partner dies? - -Key man
-An owner hires a construction manager for a project. Which of the following
is TRUE with regard to subcontractors? - -The subcontractors are prime
contractors
-What protects a contractor from risk? - -Insurance
-An ADVANTAGE of a Critical Path Method (CPM) schedule is it... - -Identifies
activities that MUST be completed before other activities can occur
-What may be covered by an allowance in a contract? - -Light fixture costs
-Which of the following is considered ethical behavior? - -Failing to disclose
one subcontractor's bid to another
-Compensation paid to independent contractors is reported on Form... - -
1099
-The BEST business practice for special-ordered materials is to... - -put the
order requirements in writing
-A contract refers to an insurance agreement that the contractor is
REQUIRED to have. This is considered... - -Part of the contract
-Records of an employee's exposure to hazardous materials MUST be kept a
MINIMUM of how many years? - -30 years
-AT LEAST how often should employees watch for possible hazards at the job
site? - -constantly
