Under Georgia law, a state residential contractor license is required when the total value of a project's work or compensation exceeds what threshold?
Ga Bl Licensing
Question · Easy
Six feet: a hard-hat anthem
Short
A candidate passes the Georgia Business & Law Exam. Which statement correctly describes how this satisfies future licensing requirements?
Georgia body under the Secretary of State that licenses residential and general contractors.
Licensing requirements
Guess the Term
Under O.C.G.A. § 43-41-17(b), what is the legal effect when an unlicensed contractor enters into a contract on or after July 1, 2008 for work that requires a license?
Question · Medium
Read the clue and guess the term in 6 tries.
Game
A candidate is approved for the Georgia Business & Law and Trade exams and receives a one-year eligibility period. Under O.C.G.A. § 43-41-6(g), what happens if the candidate fails either exam twice during that period?
Status of specialty trades such as roofers, painters, drywall contractors and repair handymen under Georgia contractor licensing law.
Which of the following correctly describes the Georgia Business & Law Exam administration and format?
How deep before you need a trench box?
Which edition of the Georgia-NASCLA Contractors Guide is the sole approved open-book reference for the Georgia Residential and General Contractor Business & Law Exam?
___ bond that guarantees the contractor competing for the job will provide full payment and performance bonding.
Cost estimating
Under Georgia law, a residential-light commercial contractor is authorized to work on multifamily and multiuse light commercial buildings. Which set of limitations correctly describes the scope of this license classification?
Swap tiles to line up three of the same term.
Term Match
Which entity administers the Georgia Business & Law Exam on behalf of the Georgia State Licensing Board for Residential and General Contractors?
Gross ___ margin: the share of each sales dollar left after paying for the product.
Under Georgia law, what is the criminal classification of contracting without a valid and current license when a license is required?
Why a balance sheet balances
A contractor bids a $6,000 residential bathroom remodel and splits it into two separate contracts of $3,000 each to avoid Georgia's licensing threshold. Which statement is most accurate under Georgia law?
Question · Hard
___ proprietorship: a business owned and run by one person, without a separate business entity and with personal responsibility for business debts.
Business organization
Which of the following is classified as an indirect cost in construction estimating?
Ga Bl Estimating Bidding
Flip two cards at a time to find matching terms.
Term Pairs
A job requires $10,000 in materials and $5,000 in direct labor. The contractor applies overhead at 15% of direct labor. What is the overhead amount for this job?
Thing a business owns, such as cash, inventory or equipment, especially one that could be converted to cash.
Financial management
A contractor marks up a job by 25% on cost. What profit margin does this represent on the selling price?
OSHA fall heights, to scale
A contractor's total job cost is $50,000 and the desired profit margin is 20% of the selling price. What should the contractor bid?
Balance sheet item equal to assets minus liabilities; also called net worth.
A contractor must install 800 square feet of tile. The material costs $6.50 per square foot, and labor is estimated at $3.00 per square foot. What is the total direct cost of this scope?
Find five hidden terms in a grid of letters.
Term Search
In construction estimating, what is a quantity takeoff?
___ tax imposed on the first instance of consumption, distribution or storage in Georgia of non-exempt goods bought at retail outside the state.
Business levies
A worker earns $20 per hour. The contractor's labor burden (payroll taxes, workers' compensation, and benefits) is 30% of the base wage. What is the total hourly cost of this worker to the contractor?
What a Safety Data Sheet tells you
A contractor has fixed monthly overhead of $10,000. The average contribution margin per job (selling price minus direct cost) is $2,500. How many jobs per month must the contractor complete to break even?
Georgia's employer-paid jobless-benefit funding law, assessed on the first $9,500 of each worker's wages each year.
When preparing a bid, a contractor includes a 5% contingency allowance. What is the primary purpose of this contingency?
Trades Exam Prep Podcast
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Podcast
What is the primary purpose of requiring a bid bond on a public construction project?
Federal law that sets minimum wage, overtime pay, recordkeeping and youth employment rules for private and public employees.
Employment law
In a competitive sealed-bid process, after bids are opened, the owner discovers that the low bidder made a mathematical error in unit pricing that significantly understates the bid total. Which is the most appropriate course of action?
A contractor has direct costs of $40,000 for a project. Overhead is applied at 15% of direct cost, and profit is calculated as 8% of the selling price. What is the bid amount?
Federal law that gives eligible employees up to 12 workweeks of unpaid, job-protected time off for a newborn or to care for a seriously ill spouse, child or parent.
A contractor bills $30,000 per month on a project but receives a 10% retainage hold. If monthly direct costs are $24,000, what is the contractor's net monthly cash flow from this project before overhead?
In a typical competitive bidding process for a private construction project, which bid is awarded the contract?
Mechanic's or materialman's ___ that secures priority of payment for work or materials against real property and its structures.
Project management
Which statement best describes the liability exposure of a sole proprietor operating a contracting business?
Ga Bl Financial Management
Which characteristic is an advantage of organizing a contracting business as a limited liability company (LLC) compared to a C corporation?
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