Updated Test Questions Flashcards
On public works, the total retention withheld may not exceed ___ of the contract price .
5%
A subcontractor signs an Unconditional Waiver and Release upon final payment . This means that :
Subcontractor has waived any lien, stop payment notice, or payment bond rights.
If the plans and specifications for a job are vague or lack detail, contractors should :
Review the plans and specifications with the owner
You would go to a District Court when :
- A case involving federal law
- Constitutional issues are involved
- An interstate dispute
If an employee violates a safety rule and causes injury to another employee, who is legally responsible ?
The Employer
On a large job, what is the best method for scheduling ?
Critical Path Method ( CPM )
Truth in Lending Act rescission rights apply when :
A non-purchase lien or security interest is taken in the consumer’s principal dwelling
What is the MAXIMUM penalty for contracting with an inactive, suspended or expired license ?
Revocation of license
Which building code should a contractor follow ?
Local code
What will happen if a contractor who is awarded the bid on a public works project pays less than the prevailing wage ?
Contractor will be required to pay back-wages to the employees
The purpose of a specification sheet attached to a set of plans is to:
Provide details that are not on the plans
A contract can be canceled when there is consent through fraud or duress by:
The other party
Which act establishes the rights of workers to organize into unions and negotiate contracts ?
The Wagner Act of 1935 ( aka National Labor Relations Act)
Who do you register with in order to be a public works contractor ?
Department of Industrial (DIR)
Prime contractor may serve a stop payment notice to ONLY who ?
Construction Lender
When used together, these can be MOST effective when used on a private works project :
Stop payment notice and mechanic lien
What sort of notes are you looking for when you get a set of as-built plans ?
Changes
What are the ways a client must submit a claim for service and repair of a defect on a fit and finish items after a remodel ?
- Certified mail
- Overnight mail
- Personal delivery
A notice of completion must be recorded within how many days ?
10 days after work is complete