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Wisconsin Contractor License Practice 15

Practice 15 for Contractor License Exam learners in Wisconsin: 25 questions, explained answers, and a review routine.

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Question 1

1

On a $2,000,000 contract, the owner asserts $1,500/day liquidated damages for 40 days of delay; the contractor proves 25 of those days were owner-caused (excusable, compensable). Net LDs the owner may assess for the contractor's 15 days are:

Question 2

2

A contractor seeks extended home-office overhead for a 30-day compensable delay using the Eichleff formula. The Eichleff formula allocates home-office overhead based on:

Question 3

3

A contractor must price escalation on $600,000 of steel expected to rise 9% over the 8-month job, but only 70% of the steel is bought at the later price. The escalation cost to carry is:

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