What is retainage - Study guides, Class notes & Summaries

The sum of the practices and processes that an enterprise uses to manage the total life cycle cost investment in its portfolio of strategic assets is called _________ Total Cost Management ______ is the application of scientific principles and techniques to problems of : - estimation - cost control - business planning & management science - profitability analysis - project management - planning & scheduling Cost Engineering _______ Is the value of an activity or asset. Gene...

FOB freight prepaid requires __________ to pay for shipping charges ️ Seller 14-12 Which of the following is not a member of the supervisory team? ️ Project manager 9-7 __________ scheduling consists of dates, delivery dates, payment schedule and vacations. It is a simplified method. ️ Calendar 9-3 When working in dwelling that was built prior to 1978, the employer is to provide each occupant with a pamphlet title _________? ️ Protect your family from lead in your home 12-14...

1. A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the new completed project. The final payment amount should be for... ANS More than $50,000 2. What is the total value of current assets for an accrual basis company that has the following? Checking account cash balance is $4,800; materials inventory for work-i...

NCIDQ IDFX Exam Questions with 100% correct Answers Latest 2024/2025 (Verified) when goods are shipped FOB destination, who has the title to them while in transit? - correct answer the seller when goods are shipped FOB factory, who has the title to them while in transit? - correct answer the buyer (transfer when goods leave the manufacturer/seller) what is involved in the parameter method of costing? - correct answer an expanded itemization of construction quantities and furnishings and ass...

Contractors Business/Law Exam Questions and Answers 100% Pass If an employer's Federal Payroll Tax liability is $1000 how may they pay taxes? quarterly How many employees does it take for the Fair Labor Act to be applied? 1 What accounting method records income when the service occurs and expense when they are incurred? Accrual Method What do the General Conditions of a contract do? Outline roles of the owner, architect, and engineer. You are purchasing an insurance policy wit...

Contractors Business/Law Exam Questions And Answers If an employer's Federal Payroll Tax liability is $1000 how may they pay taxes? - ANS quarterly How many employees does it take for the Fair Labor Act to be applied? - ANS 1 What accounting method records income when the service occurs and expense when they are incurred? - ANS Accrual Method What do the General Conditions of a contract do? - ANS Outline roles of the owner, architect, and engineer. You are purchasing...

Contractors Business Law Exam Questions and Answers, Latest Updated 2024/2025 (GRADED A+) How many employees does it take for the Fair Labor Act to be applied? (Ans- 1 What accounting method records income when the service occurs and expense when they are incurred? (Ans- Accrual Method What do the General Conditions of a contract do? (Ans- Outline roles of the owner, architect, and engineer. You are purchasing an insurance policy with a monthly premium of $300. If you implement a safety ...

NASCLA Sample Exam Questions With 100% Correct Answers Which of the following is included in a company's general overhead costs? Performance Bonds Withholding Taxes Costs for equipment purchase and rentals The company's administrative expenses - answerThe company's administrative expenses What is the purpose of ventilating unconditioned spaces? To control moisture Dehumidification Control oxygen levels Temperature Control - answerTo control moisture Oxygen Cylinders shall be store...

If an employer's Federal Payroll Tax liability is $1000 how may they pay taxes? - Answer quarterly How many employees does it take for the Fair Labor Act to be applied? - Answer 1 What accounting method records income when the service occurs and expense when they are incurred? - Answer Accrual Method What do the General Conditions of a contract do? - Answer Outline roles of the owner, architect, and engineer. You are purchasing an insurance policy with a monthly premium of $...

A business must meet the requirement of the Fair Labor Standards Act when there are more than how many employees? correct answers 1 What is the primary purpose of ventilating unconditioned spaces? correct answers to control moisture Oxygen cylinders shall be stored where? correct answers separate from fuel gas cylinders by a minimum of 20' Which of the following is included in a company's general overhead costs? correct answers the company's administrative expenses What size diame...