NASCLA Exam 3 Questions With 100% Correct Answers | Latest Update 2024/2025 (GRADED) This bond is a guaranteed to subcontractors and suppliers
that they will be paid for their work and materials. - Correct
Answer-Payment
53. Home office rent, accounting fees, taxes, phones, legal
fees, and admi...
pg. 1 professoraxe l 54. This bond is a guaranteed to subcontractors and suppliers that they will be paid for their work and materials. - Correct Answer-Payment 53. Home office rent, accounting fees, taxes, phones, legal fees, and administrative labor are called - Correct Answer-
Company Overhead 52. A change made to a bid package before it's bid date is called a - Correct Answer-Addendum 51. Which business structure is considered the simplest to set up? - Correct Answer-Sole Proprietorships 50. The term of each licensing board member is___ years - Correct Answer- 49. licensed residential contractors must provide a written warranty for soon-to-be 1 year old materials and services for work exceeding what dollar amount? - Correct Answer-$2,500 NASCLA Exam 3 Questions With 100% Correct Answers | Latest Update 2024/2025 pg. 2 professoraxe l 48.A Planning tool, loan or investment document, or benchmark tool are the key functions of a - Correct Answer-
Business Plan 47.A type of insurance to cover specific individuals to ensure business continuation is - Correct Answer-Key Man 46.A good logo design should be limited to how many colors? - Correct Answer-2 45.A guaranteed that States the builder will do the work for the bid price, and will sign the contract and will furnish a performance and payment Bond. - Correct Answer-Bid Bond 44.If your estimate is based on the square foot of a project example be $125 per square foot, you have used what type of estimating method - Correct Answer-Unit Price 43.What are benefits to job costing to monitor current project cost and? - Correct Answer-To help with future jobs and analytical reporting
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