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Michigan Builders Business/Law/Accounting – Q&A
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Michigan Builders Business/Law/Accounting – Q&A
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Michigan Builders Business/Law/Accounting – Q&AVerification Form I-9 must be completed by applicants providing proof of
identity and employment eligibility within ______ of employment. ✔️Ans - 3
days
What type of business is the easiest to establish and allows the owner to
determine how profits are used although they are personally liable for all debt
and assets? ✔️Ans - Sole Proprietorship
A ______is a joint co-owner partnership established to specifically increase
bonding and bidding capacities and profits. ✔️Ans - General
Proprietorship
Provisions of the Americans with Disabilities (ADA) Law apply to employers
having _____ employees. ✔️Ans - 15 or more
What Federal Act requires those working on federal and federally funded
construction projects to be paid a minimum prevailing wage for their trade?
✔️Ans - Davis Bacon
Which of the following are fringe benefits that supplement an employee's
hourly wage? ✔️Ans - Paid vacation, sick leave, 401k plan company vehicle
To avoid being held liable, the contractor must file a _______ once the lien
payment is received. ✔️Ans - Lien release
What is the Michigan Act 230? ✔️Ans - It creates the Commission and
regulates code and inspections in the State.
What unit is issued a Certificate of Acceptability and will not be inspected at
the site? ✔️Ans - Manufactured home
What is the purpose of the subcontractor completing a Sworn Statement?
✔️Ans - To get paid by the contractor
What is the purpose of a Partial Unconditional Waiver? ✔️Ans - To prove
that partial payment to subs or suppliers has been received.
,The subcontractor has ______ to file a lien against the property for non-
payment from the contractor. ✔️Ans - 90 days
What is the penalty to contractors or subcontractors for intentionally trying to
defraud employees or a customer? ✔️Ans - A fine of no more than $5,000
and/or 3 yrs in prison
In accordance with the Michigan Construction Lien Act, the homeowner has
_____ to provide signed copies of the Commencement Agreement to the all
parties that request it. ✔️Ans - 10 days
The contractor provides a blank Notice of Furnishing to whomever requests
the Commencement Agreement. It must be completed and returned to the
contractor every ________. ✔️Ans - 20 days if they are a supplier; 30 days if
they are a laborer
If a builder is required to be licensed, the penalty for working without a
license ____. ✔️Ans - is a fine no less that $5,000 or greater than $25,000
Upon final order of license suspension or revocation, the licensee has _____ in
which to surrender their license to the Department. ✔️Ans - 10 days
Failing to renew one's license before the deadline will result in a _____.
✔️Ans - $20 late fee
How long does the homeowner/business have to file a complaint after the
project is completed? ✔️Ans - 18 months
What aids and protects the contractor from accusations of project
abandonment without a good legal excuse? ✔️Ans - The arbitration clause
To avoid being fined, the contractor must notify the Department within _____ of
relocating their business or changing the business' name. ✔️Ans - 10 days
Definitively, a _______ is a person that constructs, replaces, improves, or
demolishes residential or commercial structures for a fixed or lump sum price
or fee. ✔️Ans - Licensed Residential Builder
, When can a subcontractor work without being licensed? ✔️Ans - When
they are working under a licensed contractor that is not a mechanical
contractor
An owner/landlord is not permitted to do their own building alterations
_______. ✔️Ans - When the repairs are structural in nature
A complaint is _______ when it cannot be resolved at the informal investigative
hearing. ✔️Ans - referred to the Administrative Law Hearing Examiner
What body assesses the penalty and issues the "Final Order" to settle the
complaint? ✔️Ans - The Board
How long does the Respondent have to appeal the "Final Order" decision?
✔️Ans - 30 days
Who appoints the Director of the Department? ✔️Ans - The Governor with
consent of the Senate
How long does the Board serve? ✔️Ans - 4 yrs
A Builder's incompetence refers to _________. ✔️Ans - failure to conform to
minimum accepted professional standards
What required bond is a percentage of the project cost put up by the builder to
ensure the homeowner or business the project will eventually be completed?
✔️Ans - Performance Bond
What is the biggest environmental/human concern created during masonry
construction? ✔️Ans - Silicon dust
What is the layer of flashing installed over base flashing called? ✔️Ans -
Counter Flashing
Who pays for planned or unforeseen changes made to the contract scope of
work? ✔️Ans - Whomever is specified in the contract
How much retainage may be held? ✔️Ans - Whatever is specified in the
contract
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