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Exam (elaborations)

General Contractor Practice Test Practice Questions and Answers (2024/2025 Edition)

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General Contractor Practice Test Practice Questions and Answers (2024/2025 Edition) 1. Which of the following should be on a written quote sheet? a. Warranty information b. Schedule of the work c. Subcontractor identifications d. Contractor license number It is not only a good business pract...

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  • August 31, 2024
  • 49
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • General contractor
  • General contractor
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OliviaWest
©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM




General Contractor Practice Test Practice
Questions and Answers (2024/2025 Edition)

1. Which of the following should be on a written quote sheet?


a. Warranty information


b. Schedule of the work


c. Subcontractor identifications


d. Contractor license number


It is not only a good business practice to put your license number on all quotes

and contracts, but many states require it. Many states require the contract license

number to be stated in all advertisements, offers of services and proposals.

Providing your license number on all such communications will give your

prospective clients confidence and security in your business.


2. Contract types strongly impact how estimates are prepared. What type of

contract typically has a well-defined scope of work and set of plans?




1

,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


a. Unit Price


b. Lump Sum


c. Cost Plus


d. Time & Materials


Lump Sum contracts have a fully developed scope of work and set of plans with

detailed quantities. Unit Price contracts are used frequently in civil construction

where the scope is known, but the exact quantities are unknown. Cost Plus

contracts do not have a defined scope of work. Time and Materials contracts are

used when the scope of work is unknown but the materials costs are known.


3. How many parties Study Online Instantly

typically are there in a

bid bond?
Click to Save 50% Now

a. 1, the

contractor


b. 2, the

contractor and

owner




2

,©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


c. 3, the

contractor,

owner and

surety


d. 4, the

architect,

contractor,

owner and

surety


The typical bid bond has

three parties, the contractor

(principal), the owner

(obligee) and the surety

(obligor), which is an

insurance company or bank.

A bid bond functions as a

guarantee that the

contractor who wins the bid




3

, ©PREP4EXAMS 2024/2025 REAL EXAM DUMPS Tuesday, August 6, 2024 10,57 AM


will perform the contract

terms as agreed.


4. If a subcontractor on a

construction project is

not paid, what type of

lien can be used to

enforce payment?


a. UCC

lien


b.

Mechanic's

lien


c.

Mortgage

lien


d. Tax lien




4

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