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Rhode Island Contractor License Practice 18

Practice 18 for Contractor License Exam learners in Rhode Island: 25 questions, explained answers, and a review routine.

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Question 1

1

A prime defaults; the surety completes the work and incurs $1,200,000 over the remaining contract balance of $900,000. The surety's net loss it will seek from the indemnitors is:

Question 2

2

A multi-party claim allocates fault: owner 30% (defective design, Spearin), contractor 50% (workmanship), subcontractor 20%. On $1,000,000 of damages in a comparative-fault state, the contractor's direct share is:

Question 3

3

A design-build GMP is $8,000,000 with a 60/40 owner/contractor savings split and a $200,000 contingency that is shared if unspent. Actual cost is $7,500,000 and $150,000 of contingency was unused. The contractor's total savings share is computed on:

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