Contractors financing - Study guides, Class notes & Summaries

Practice Exam for CEE 4100 Test 2 Questions and Answers Actual Cost of Work Performed (ACWP) - CORRECT ANSWER-Actual work hours or dollars to date represent what has been paid Banks Evaluation - CORRECT ANSWER-Contractors = high risk, so loan only thru inventories and partially complete with high interest rate Bid estimate - CORRECT ANSWER-Contractor prepares estimate of job's cost with markup for profit Budgeted Cost at Completion (BCAC) - CORRECT ANSWER-original project estimate Budgeted...

FAR Part 32 prescribes policies and procedures for contract financing and other payment matters, including -payment methods, partial, progress pmts based on % or stage of completion -loan guarantees, advance pmts, progress pmts based on costs -administration of debts to govt arising out of contracts -contract funding -assignment of claims to aid in private financing -selected payment claues -financing of purchases of commercial items -performance based payments -EFT payments Gov...

Order the following typical project development phases from earliest to latest - ANSWER Idea / Need Feasibility Study Financing Design Project contracting services Construction Which of these team members is responsible for : - ANSWER Performing specialized construction installation work : Sub Trade Contractors

NASCLA Contractor's Guide, NASCLA Contractors Guide. Name the elements of a business plan -cover page -executive summary -company summary -products and services -market analysis -marketing strategy -financial plan advantages of sole proprietorship -minimal legal restrictions -simple ownership form -low start up costs -sole ownership of profits -freedom in decision making process disadvantages of sole proprietorship -unlimited personal liability -less available capital -possi...

C16 Business of Insurance Questions and Answers Already Passed 5 Ways Insurance companies spread risk -Share risk with other insurance companies (for very large risk, several insurers subscribe to percentage of risk) -Reinsure the risk -deductible -spread risk over diverse geographical region (soften risk of localized disasters) -form risk pools (syndicates of insurance and reinsurance companies, organized to underwrite particular risk) Two principles of insurance 1. Premiums of t...

Lansing Construction Company completed major jobs including road grading, bridges, and base and paving work. Which one of the following types of contractors is Lansing? · Heavy and highway construction · General Engineering contractor · General Building contractor · Design/build contractor - Heavy and highway construction The project owner for a new shopping plaza being built in Highville is the Highville Municipal Property Company. The role of the project owner at the beginning of an...

Nascla Contractors Guide (Virginia 8th Edition) & Virginia Uniform Statewide Building Code "USBC" (2000 Edition) What are some of the advantages of a sole proprietor? - ANS ️️ Business can be sold at will Freedom in Decision Making Process Sole Ownership of Profits Low startup cost Simple Ownership Form Minimal Legal Restriction What are some of the disadvantages of a Sole Proprietor? - ANS ️️ Less Available capital Unlimited Personal Liability Possible difficulty obtaining...

Your client, a retail fashion store, has just rented a business premises in a mall. Before opening your business, she plans to install new wall to wall carpeting and install wall paneling. These values would be insured under the amount provided for: A. Stock B. Equipment C. Building D. Business Interruption - ANSWERB. Equipment While the law permits the insurer to surrogate against the party responsible for the loss, the insurer agrees not to exercise that right in respect to certain pa...

Consumer Channel Design - Manufacturer-Wholesaler-Retailer-Consumer Industrial Channel Design - Manufacturer-Master Distributor-Distributor- End user Three types of End users? - OEM- Original Equipment Manufacturer- buys the product and "rebrands" to sell as their own with warranty MRO- Maintenance Repair Operation - people who fix something with a problem Contractors- Person who provides supplies or service under contract An End user does not? - Does not resell in present form W...

Last Contracting Exam 6 Questions With 100% Correct Answers Essential Contract Elements: - answer-Mutual Assent: (Valid Offer & Acceptance "Meeting of the Minds"). -Consideration (Each party receives something of value and gives something of value) -Capacity (a party must have the capacity to understand and appreciate the terms of the contract) -Lawful Purpose(Obey the FAR & Statutes, Anti Deficiency) -Certainty of Terms (Clear terms) -Form provided by law (Written, Oral, Implied throu...