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Idaho Contractor License Practice 12

Practice 12 for Contractor License Exam learners in Idaho: 25 questions, explained answers, and a review routine.

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Question 1

1

A subcontract incorporates the prime contract 'by reference' and contains a 'flow-down' clause. The flow-down clause generally means the subcontractor:

Question 2

2

A 'pay-if-paid' clause, where enforceable, shifts which risk to the subcontractor?

Question 3

3

A contractor allocates $180,000 annual overhead across $1,200,000 expected direct job cost. Using a cost-based rate, how much overhead loads onto a job with $90,000 direct cost?

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