Risk
This is the first step to improving safety in the workplace is to hire employees who have a safe track record.
What is hire safe? (pg 12-2)
This is the process of devaluing a fixed asset as a result of aging, wear and tear, or obsolescence.
What is Depreciation. (pg 14-11)
This method of estimating bundles all cost factors such as labor, materials, equipment, and subcontractors to come up with a single price for the entire task.
What is the unit price method of estimating? (pg 7-7)
Completing an 8-hour business class approved by the Board for Contractors fulfills requirement for licensure.
What is the Pre-license Education requirement? (pg 3-4)
This bond guarantees that for a stated period, typically for one year, no defective workmanship or material will appear in the completed project.
What is a Maintenance Bond? (pg 4-7)
This tax form is due by January 31st.
What is a W-2? (pg 15-6)
Even with written permission, employees cannot be required to forfeit wages for these 3 things.
What are shortages, errors, or damages. (pg 9-4)
The net worth requirement for this license class is $15,000 or more.
What is the Class B Contractor? (pg 3-3)
According to OSHA, no more than 50 micrograms per cubic meter of air averaged over an 8 hour day, of this, is acceptable.
What is lead exposure? (pg 12-13)
These elements are stated on the cover page of a business plan.
What is contact information and confidentiality statement? (pg 1-2)
This one of the main weaknesses of a bar chart.
What is the inability to show the interdependencies of the activities? (pg 9-4)
This part of a contract specifically outlines the obligations of the contract, including the work to be done and compensation for the work.
What is an Offer? (pg 8-2)
This kind of agent is defined as a person designated in writing by the owner of real estate to receive the "Notice to the Mechanic's Lien Agent."
What is a mechanic's lien agent? (pg 16-2)
To register this kind of corporation in Virginia, you must file Articles of Incorporation (form SCC 619) with the Virginia Corporation Commission.
What is a Stock Corporation? (pg 2-3)
The ____ of each task depends on the size of the project, labor hours estimated, and length of time dedicated to the task each day.
What is the duration? (pg 9-1)
This is the dialogue entered into for the purpose of resolving disputes or producing an agreed upon course of action.
This type of insurance typically covers machinery, equipment, materials, supplies, and fixtures that are part of the structure or will become part of the structure.
What is All-Risk Builders Risk Insurance? (pg 4-3)
What is bookkeeping? (pg 14-1)
To construct this, you must first define the phases of the project and list each task and materials needed for each phase.
What is the Estimating Framework? (pg 7-3)
This Virginia Code makes it unlawful to materially misrepresent facts in a contractor license application.
What is Virginia Code 54.1-111(6)? (pg 3-5)