Contractors License In Arizona – Questions With
Expert Solutions
How many employees are you required to have in order to have works comp?
Correct Answer - more than 1 employee
If you fail to identify and mark underground utilities, how much do you have
to pay for violation Correct Answer - you can be fined up to 5000 dollars
for the first violation, and up to 70000 dollars
Sets limits on how much of a air pollutant is allowed in the air. Correct
Answer - the clean air act
When does the fair labor act apply Correct Answer - it applies to
employers that have 1 or more employee
What is form I-9 Correct Answer - this form is used by immigration ,to
make sure employees has legal immigration status in the usa
What is project over head Correct Answer - items needed to complete
the project ex; bonds,temporary storage,dumpsters,security guards , porter
potties,etc. makes up 5-10% of bid
What is the clean water act Correct Answer - establishes the basic
structure for regulating disharges of pollutants into the waters of united
states
What are current liabilities Correct Answer - liabilities that will mature
and must be paid within 1 year
Immigration forms must be kept for how long Correct Answer - at least 3
years
What is a maintance bond Correct Answer - guarantees that for one year
no defective workmanship or material will appear on completed project
Liability insurance is what Correct Answer - to protect 3rd party claims
, Keyman life insurance Correct Answer - its to continue business if one
dies or becomes incapacitated
How much money is deducted from employee to pay for works comp
Correct Answer - nothing. employer pays for everything
How soon must form I-9 be completed by Correct Answer - it should be
completed within 3 days of hire
How long should you keep lead pamphlet receipt for Correct Answer -
must be kept for 3 years
Bonds or cash deposits should be under whos name Correct Answer -
the licensee
How soon should you do a publication Correct Answer - you must
publish within 60 days for 3 consecutives publications
Who certifies when a project is complete and the work meets conditions of the
contract documents Correct Answer - the architect or the engineer
What are progress payments Correct Answer - are partial payments
made after specified phases of construction are complete
What is the single prime method Correct Answer - its when a project
owner hires an architectural firm to design the project the contractor then
perfume the work
What is a payment bond Correct Answer - guarantees that
subcontractors and suppliers will be paid for work if they perform properly
under the contract
A corporate name may be reserved with the corporation commission for how
many days Correct Answer - 120 days prior to incorporation
How long should employees keep tax records for? Correct Answer - at
least 4 years
Expert Solutions
How many employees are you required to have in order to have works comp?
Correct Answer - more than 1 employee
If you fail to identify and mark underground utilities, how much do you have
to pay for violation Correct Answer - you can be fined up to 5000 dollars
for the first violation, and up to 70000 dollars
Sets limits on how much of a air pollutant is allowed in the air. Correct
Answer - the clean air act
When does the fair labor act apply Correct Answer - it applies to
employers that have 1 or more employee
What is form I-9 Correct Answer - this form is used by immigration ,to
make sure employees has legal immigration status in the usa
What is project over head Correct Answer - items needed to complete
the project ex; bonds,temporary storage,dumpsters,security guards , porter
potties,etc. makes up 5-10% of bid
What is the clean water act Correct Answer - establishes the basic
structure for regulating disharges of pollutants into the waters of united
states
What are current liabilities Correct Answer - liabilities that will mature
and must be paid within 1 year
Immigration forms must be kept for how long Correct Answer - at least 3
years
What is a maintance bond Correct Answer - guarantees that for one year
no defective workmanship or material will appear on completed project
Liability insurance is what Correct Answer - to protect 3rd party claims
, Keyman life insurance Correct Answer - its to continue business if one
dies or becomes incapacitated
How much money is deducted from employee to pay for works comp
Correct Answer - nothing. employer pays for everything
How soon must form I-9 be completed by Correct Answer - it should be
completed within 3 days of hire
How long should you keep lead pamphlet receipt for Correct Answer -
must be kept for 3 years
Bonds or cash deposits should be under whos name Correct Answer -
the licensee
How soon should you do a publication Correct Answer - you must
publish within 60 days for 3 consecutives publications
Who certifies when a project is complete and the work meets conditions of the
contract documents Correct Answer - the architect or the engineer
What are progress payments Correct Answer - are partial payments
made after specified phases of construction are complete
What is the single prime method Correct Answer - its when a project
owner hires an architectural firm to design the project the contractor then
perfume the work
What is a payment bond Correct Answer - guarantees that
subcontractors and suppliers will be paid for work if they perform properly
under the contract
A corporate name may be reserved with the corporation commission for how
many days Correct Answer - 120 days prior to incorporation
How long should employees keep tax records for? Correct Answer - at
least 4 years
