NASCLA Exam 1 Questions with Verified
Correct Answers
which of the following amounts on an institutional building would require the seal of a
registered design professional
over $90,000
after the date a stop work order is issued, the owner or builder may appeal in writing
within how many days
5 days
which of the following must be in place prior to getting a footing inspection
Grade stakes, Reinforcing steel, Necessary forms in place
which must be in place and visible prior to a building framing inspection
Pipes, Chimneys and vents, Insulation baffles
after a building permit is issued how long do you have to begin work before the permit
expires
6 months
how soon must a licensee notify the licensing board of a name change
30 days
if a contractor makes any substantial departure from the approved application,
drawings, or specifications which of the following may happen
revoke permit
what are the parts of a contract
, offer and acceptance
what must every bid contain
license number
all of the following need to be on an offer except
name of subcontractors
what is working capital
current assets minus current liabilities
a job costs $200,000. there is a 10% retainer, the contractor has been paid for 90% of
the draw. what is the final draw?
between $35,000 and $40,000
($200,000 - 20,000 (10%) = $180,000 x 90% = $162,000 contractor hasn't been paid
$18,000) $18,000+20,000=$38,000
what does net worth equal
owners equity
how much does the EPA fine per day for lead exposure
$37,500
a bid package can include all the following except
site considerations
if you must buy specific tools for a specific job, the tools would qualify as
equipment cost
Correct Answers
which of the following amounts on an institutional building would require the seal of a
registered design professional
over $90,000
after the date a stop work order is issued, the owner or builder may appeal in writing
within how many days
5 days
which of the following must be in place prior to getting a footing inspection
Grade stakes, Reinforcing steel, Necessary forms in place
which must be in place and visible prior to a building framing inspection
Pipes, Chimneys and vents, Insulation baffles
after a building permit is issued how long do you have to begin work before the permit
expires
6 months
how soon must a licensee notify the licensing board of a name change
30 days
if a contractor makes any substantial departure from the approved application,
drawings, or specifications which of the following may happen
revoke permit
what are the parts of a contract
, offer and acceptance
what must every bid contain
license number
all of the following need to be on an offer except
name of subcontractors
what is working capital
current assets minus current liabilities
a job costs $200,000. there is a 10% retainer, the contractor has been paid for 90% of
the draw. what is the final draw?
between $35,000 and $40,000
($200,000 - 20,000 (10%) = $180,000 x 90% = $162,000 contractor hasn't been paid
$18,000) $18,000+20,000=$38,000
what does net worth equal
owners equity
how much does the EPA fine per day for lead exposure
$37,500
a bid package can include all the following except
site considerations
if you must buy specific tools for a specific job, the tools would qualify as
equipment cost
