- CORRECT ANSWER: - Questions and Verified Correct Answers Golden T...

NASCLA Contractors Guide Latest Update -

Questions and Verified Correct Answers Golden Ticket to Guaranteed A+ Verified by Professor

- CORRECT ANSWER:

Advantage of a Sole Proprietorship - CORRECT ANSWER: Freedom in decision-

making process

Allowances - CORRECT ANSWER: finish materials

change order

Americans with Disabilities Act (ADA) - CORRECT ANSWER: prohibits discrimination 15 or more employees

Architect and Owner's Representative - CORRECT ANSWER: The architect certify each progress payment

Bar Chart - CORRECT ANSWER: not show the interdependencies of activities

Bond - CORRECT ANSWER: is a risk transfer between a surety, the contractor, and

project owner

Budget and Cost Controls - CORRECT ANSWER: Less inventory onsite will also cut

down the risk of theft

Budget Tracking - CORRECT ANSWER: Job cost system

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Change Order - CORRECT ANSWER: a written agreement between the owner and

contractor to change the contract

Changes - CORRECT ANSWER: change of designated employee 90 days

change of a business/trade name 30 days change of address 30 days

Changes made after the contract is signed and executed are called - CORRECT

ANSWER: Modifications

Changes prior to the contract award are called - CORRECT ANSWER: Addenda

Class A

Class B - CORRECT ANSWER: $45,000

$15,000

Class A - CORRECT ANSWER: Single contract - $120,000 or more

12-month - $750,000 or more

Clean Water Act - CORRECT ANSWER: unlawful

discharge any pollutant into navigable waters, unless a National Pollutant Discharge Elimination System (NPDES) permit was obtained

Combine - CORRECT ANSWER: 7.65%

Commercial General Liability (CGL) - CORRECT ANSWER: bodily injury that results in actual physical damage or loss for individuals who are not employees.damage or loss to property not belonging to the business.

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