Retainage - Study guides, Class notes & Summaries
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VA Contractors: VA Advanced (Class A) questions with correct answers
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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... CORRECT ANSWER More than $50,000 
 
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 ...
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VA Contractors: VA Advanced (Class A) Questions & Answers
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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... - ANSWER-More than $50,000 
 
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...
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VA Contractors: VA Advanced (Class A) 2024 Questions with 100% Correct Answers
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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... - 
More than $50,000 
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-in-pro...
-
VA Contractors: VA Advanced (Class A) Exam Questions and Answers
- Exam (elaborations) • 5 pages • 2023
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VA Contractors: VA Advanced (Class A) 
Exam Questions and Answers 
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 
What is the total value of current assets for an accrual basis company that has the 
followin...
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Questions With Complete Solutions
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FOB freight prepaid requires _____ to pay for shipping charges. 
 
A. Contractor 
B. Buyer 
C. Seller 
D. Subcontractor correct answer: C. Seller 
 
13-11 
 
_____ is NOT a member of the supervisory team. 
 
A. A Foreman 
B. A Material expediter 
C. The Owner's representative 
D. A Project manager correct answer: D. A Project Manager 
 
8-7 
 
With _____ scheduling, you can link project tasks to specific dates such as delivery dates, payment schedule and employee vacations and holidays. 
 
A....
And that's how you make extra money
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Already Passed
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NASCLA Business, Law, and Project 
Management 13th Edition - Test 1 
 
Already Passed 
 
FOB freight prepaid requires _____ to pay for shipping charges. 
 
A. Contractor 
 
B. Buyer 
C. Seller 
 
D. Subcontractor C. Seller 
 
13-11 
 
_____ is NOT a member of the supervisory team. 
 
A. A Foreman 
B. A Material expediter 
C. The Owner's representative 
D. A Project manager D. A Project Manager 
 
8-7 
 
With _____ scheduling, you can link project tasks to specific dates such as delivery dates, ...
-
NASCLA Business, Law, and Project Management 13th Edition - Test 1 Exam Questions with Correct Answers
- Exam (elaborations) • 24 pages • 2024
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Exam Questions with Correct Answers FOB freight prepaid requires _____ to pay for shipping charges. A. Contractor B. Buyer C. Seller D. Subcontractor - answerC. Seller 13-11 _____ is NOT a member of the supervisory team. A. A Foreman B. A Material expediter C. The Owner's representative D. A Project manager - answerD. A Project Manager 8-7 With _____ scheduling, you can link project tasks to specific dates such as delivery dates...
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AIC Exam Final Questions & Answers 2024/2025
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AIC Exam Final Questions & Answers 2024/2025 
 
 
5 days - ANSWERSA project schedule has been updated. The activity placement of spread footing concrete was originally scheduled to begin as early as day 10. The activity duration is 4 days. The actual start day was day 12. The original schedule had calculated total float of 7 days for this activity. The recalculated total float for the activity, when updated, would be 
 
a. 2 days b. 5 days c. 6 days d. 9 days 
 
Complete project per contract - A...
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NASCLA Business, Law, and Project Management 13th Edition - Test 1 Exam Questions with Correct Answers
- Exam (elaborations) • 17 pages • 2024
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NASCLA Business, Law, and Project 
Management 13th Edition - Test 1 Exam 
Questions with Correct Answers 
FOB freight prepaid requires _____ to pay for shipping charges. 
A. Contractor 
B. Buyer 
C. Seller 
D. Subcontractor - answerC. Seller 
13-11 
_____ is NOT a member of the supervisory team. 
A. A Foreman 
B. A Material expediter 
C. The Owner's representative 
D. A Project manager - answerD. A Project Manager 
8-7 
With _____ scheduling, you can link project tasks to specific dates such as...
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CEE 4100 Test 2 Questions And Answers
- Exam (elaborations) • 10 pages • 2024
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CEE 4100 Test 2 Questions And Answers 
Cash flow projection - ANS-projection of income and expenses during project life, based on time 
scheduling 
Progress Payments - ANS-flow of money from owner to contractor 
Contractor prepares monthly progress claim (bill), Owner evaluates and pays & keeps retainage from 
each (until billings = 50% of total) 
Lump Sum - ANS-percentage of total contract completion 
Unit Price - ANS-actual field measurements of work completed 
Expenditure Schedule - ANS-Pro...
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