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Contractor License Practice Exam 14

Advanced contractor license practice exam 14 on termination for convenience, CGL exclusions, productivity loss, WIP accounting, and IBC fire and egress code.

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These questions are for study practice only and are not official exam questions.

Question 1

1

A GC terminates a subcontractor 'for convenience.' Under a typical termination-for-convenience clause, the sub is generally entitled to:

Question 2

2

A contractor's CGL policy contains a 'your work' exclusion. This exclusion typically bars coverage for:

Question 3

3

A project's labor is $300,000, materials $450,000, equipment $80,000, subs $200,000. The contractor adds 8% overhead on all direct cost and 6% profit on the resulting subtotal. What is the bid?

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