Reasons a contractor might not get paid include
3. Question 3 Reasons a contractor might not get paid include 1 / 1 point Client stops the project Equipment Malfunction General Contractors default Clients or General Contractors go…
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Retainage is the portion of the payment that the client pays up front to ensure work is completed
6. Question 6 Retainage is the portion of the payment that the client pays up front to ensure work is completed 1 / 1 point True False
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Earned Value – Retainage = Billings
5. Question 5 Earned Value – Retainage = Billings 1 / 1 point True False
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The conservatism principle in accounting means recognizing revenue as soon as possible and expenses when they are received.
2. Question 2 The conservatism principle in accounting means recognizing revenue as soon as possible and expenses when they are received. 1 / 1 point True False
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Revenue – Expenses = Capital
1. Question 1 Revenue – Expenses = Capital 1 / 1 point True False
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The Cost Manager is the person who estimates cost for a project. They will estimate the price, value, number, quantity or extent of something.
5. Question 5 The Cost Manager is the person who estimates cost for a project. They will estimate the price, value, number, quantity or extent of something. 1 / 1 point True…
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All of the following help to manage costs of a project efficiently:
4. Question 4 All of the following help to manage costs of a project efficiently: 1 / 1 point Meeting attendance Meeting participation Communication Responding to phone calls within…
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Pricing research includes which of the following
2. Question 2 Pricing research includes which of the following 1 / 1 point Project specifics Pricing/Rates Location factors Number of vehicles rented Escalation
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Design management includes all of the following documents and topics:
1. Question 1 Design management includes all of the following documents and topics: 1 / 1 point Drawing Register Drawing pack Contractor pack Engineering pack Specifications Schedule
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Benchmarking is the only way to test your pricing.
3. Question 3 Benchmarking is the only way to test your pricing. 1 / 1 point True False