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Louisiana Contractor's Exam - Business and Law
Terms in this set (14)
What occurs when bids are revealed to create more competition?
prevent double taxation
What benefits does an S corporation have?
How many weeks are employees entitled to under the Family Medical Leave Act
Federal Unemployment tax must be paid after an employee works ____ weeks
What is the debt ratio?
A contractor's license is needed when the residential project is valued over ___
When is a contract considered accepted?
Quantity take off method
What is the most accurate method of estimate?
Projects worth how much require bonds under the Miller Act?
assets/liability is which ratio?
Types of surety bonds
promise to complete the project for the bid price and provide a performance and payment bond.
promise that the project will be finished w/in the promised time and w/in spec.
Promise that the employees, subcontractors and suppliers will be paid
THIS SET IS OFTEN IN FOLDERS WITH...
Louisiana Contractor's Exam - General Knowledge
Louisiana Contractor's Exam - Framing
Louisiana Contractor's Exam - Loads
Louisiana Contractor's License Exam Prep - Sample…
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