Cslb contractors Study guides, Class notes & Summaries

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CSLB EXAM QUESTIONS AND ANSWERS LATEST Update 2023/2024 (Verified Answers). A general contractor has obtained bids from several subcontractors for a private project. He notices that one bid is substantially lower than the rest. Is it ethical and a good business practice for this contractor to inform the subcontractor that the bid is substantially lower than the bids of the other subcontractors? - Answer Yes. If the contractor has reason to believe that the subcontractor has made an error in ...

CSLB Law & Business Exam Questions and Answers 100% VerifiedCSLB Law & Business Exam Questions and Answers 100% VerifiedCSLB Law & Business Exam Questions and Answers 100% VerifiedYou are the qualifier for an active contractor's license. How do you inactivate the license? - ANSWER-Complete app to Inactivate License The federal Employer Identification Number (EIN) is issued by the: - ANSWER-IRS If there is a problem with a code violation after the project is complete, who is responsible? -...

CSLB Law & Business 127 Questions with Correct Answers 2024/2025 Bonds can be purchased from bonding companies for ___% of the original contract price. - Correct Answer 1-2% This acts as an assurance that the contractor will be able to complete the job as described in the contract. - Correct Answer Bid Bond This guarantees a contractor will complete the project according to the agreed upon terms & conditions. - Correct Answer Performance Bond or Contract Bond This guarantees that subco...

CSLB Law & Business 1-2% - correct answer Bonds can be purchased from bonding companies for ___% of the original contract price. Bid Bond - correct answer This acts as an assurance that the contractor will be able to complete the job as described in the contract. Performance Bond or Contract Bond - correct answer This guarantees a contractor will complete the project according to the agreed upon terms & conditions. Payment Bond - correct answer This guarantees that subcontractors and s...

CSLB CONTRACTOR'S LAW & BUSINESS EXAM QUESTIONS AND ANSWERS 100% PASS An employer remits State disability taxes withheld from an employees wages to what agency? - Correct Answer ️️ -Employment Development Department Which act establishes the rights of workers to organize into unions and negotiate contracts? - Correct Answer ️️ -National Labor Relations Act of 1935 A contractor has had a problem with employees stealing tools and equipment from job sites. When conducting job interv...

CSLB CONTRACTOR'S LAW & BUSINESS EXAM QUESTIONS AND ANSWERS 2023/2024 Graded A+. An employer remits State disability taxes withheld from an employees wages to what agency? - Answer Employment Development Department Which act establishes the rights of workers to organize into unions and negotiate contracts? - Answer National Labor Relations Act of 1935 A contractor has had a problem with employees stealing tools and equipment from job sites. When conducting job interviews, may the contracto...

CSLB Law & Business Set 1 QCSLB Law & Business Set 1 Questions and Answers 100% CorrectCSLB Law & Business Set 1 Questions and Answers 100% Correctuestions and Answers 100% CorrectCSLB Law & Business Set 1 Questions and Answers 100% CorrectCSLB Law & Business Set 1 Questions and Answers 100% Correct Question 1: How must a client submit a claim for service or repair of a defect on fit and finish items after a remodel? A.) by certified mail B.) by overnight mail C.) by personal deliv...

CSLB Business To declare themselves a corporation, LLC or Limited Partnership in California, the principals must file formation documents with what agency? A. The division of corporations B. Secretary of State C. City Hall D. Contractors State License Board - correct answer B. Secretary of State How can three or four companies get one license to work together? - correct answer Joint venture If a project takes a few months to complete, what is the BEST way to assess the progress of the...