VA Contractors Exam Questions And Answers (Verified And Updated)
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Course
Va Contractors
Institution
Va Contractors
VA Contractors Exam Questions And
Answers (Verified And Updated)
Which of the following estimating methods is typically used by the architect rather than the
contractor? - answerConceptual estimate
An agreement that calls for a contractor to be paid actual costs for labor and materials plus a
...
VA Contractors Exam Questions And Answers (Verified And Updated) Which of the following estimating methods is typically used by the architect rather than the contractor? - answer✔✔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... - answer✔✔cost plus contract Equipment needs for a project are BEST estimated by... - answer✔✔Calculating the number of hours or days it i s 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? - answer✔✔Key man An owner hires a construction manager for a project. Which of the following is TRUE with regard to su bcontractors? - answer✔✔The subcontractors are prime contractors What protects a contractor from risk? - answer✔✔Insurance An ADVANTAGE of a Critical Path Method (CPM) schedule is it... - answer✔✔Identifies activities that MUST be completed before other ac tivities can occur What may be covered by an allowance in a contract? - answer✔✔Light fixture costs Which of the following is considered ethical behavior? - answer✔✔Failing to disclose one subcontractor's bid to another Compensation paid to independent con tractors is reported on Form... - answer✔✔1099 The BEST business practice for special -ordered materials is to... - answer✔✔put the order requirements in writing A contract refers to an insurance agreement that the contractor is REQUIRED to have. This is considered... - answer✔✔Part of the contract Records of an employee's exposure to hazardous materials MUST be kept a MINIMUM of how many years? - answer✔✔30 years AT LEAST how often should employees watch for possible hazards at the job site? - answer✔✔constantly An employee can request to receive advance earned income credit on Form... - answer✔✔W-5
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