Practice test

Contractor License Practice Exam 17

Expert contractor license practice exam 17 on not-to-exceed fees, blended crew rates, measured-mile claims, section modulus, indemnity, and IBC exit code.

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Question 1

1

An owner's lender requires a 'paid-when-paid lien waiver' from each sub each month. A sub signs an unconditional waiver for $40,000 but the check later bounces. The sub's exposure is that:

Question 2

2

A contractor faces a license-board complaint alleging gross negligence on a structural repair. The typical due-process sequence before revocation is:

Question 3

3

A cost-plus-fee contract has a fee of 7% on actual cost with a not-to-exceed (NTE) of $90,000. Actual cost lands at $1,400,000. The fee paid is:

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