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54 Cards in this Set
- Front
- Back
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In AZ the minimum standards for construction are set by:
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AROC: Arizona Registrar of Contractors
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Arizona contractor's licenses are issued and renewed how often?
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biennially
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What is the maximum amount that a person making an application for a residential contracting license must pay to the residential contractor's recovery fund?
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$600.00
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Arizona has reciprocity with all adjoining states except?
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New Mexico
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When a contractor recieves a notice of acceptance of an offer of compromise to repair termite damage, the repair must be completed within how many days?
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45 days
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What is the minimum wage rate in AZ?
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$5.15 per hour
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In order to qualify for unemployment insurance, an employee must have earned how much during a quarter?
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$1500.00
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A claim of lien may be recorded at any time during the progress of the work but not later than ____ days after the job is completed?
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120 days
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The weekly benefit amount for unemployment insurance is equal to 1/25 of the total wages paid during a quarter but not less than?
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$240.00
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Excavating contractors must request staking of underground utilities by contacting the blue stake program at least how many days before digging?
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2 days
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The industrial commission of Arizona is responsible for resolution of wage disputes under _____ ?
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$ 2500.00
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A subcontractor may terminate a contract due to untimely payments. The contractor must give how many days?
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3 days
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Paperwork related to purchase orders reciepts payments, etc. are called?
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Source documents
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Which financial form documents after tax net earnings?
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Income statement
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Form W-3 is what?
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Employer summary of W-2's issued to employees
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When an accident results in the hospitalization of ____ employees A-OSHA must be informed
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3 employees
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What is the coverage of a contract bond?
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Guarantees the successful bidder will complete the contract.
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ADA applies to all employers with how many or more employees?
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15
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Which noise exposure requires hearing protection?
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96dba for 4 hours
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An injury must be recorded in the OSHA log within _____ .
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6 working days
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What is the base penalty for a lesser probability medium severity OSHA violation?
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$2000.00
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Unless a notice of pendancy is recorded, a lien shall not continue for a period greater than ____ ?
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6 months
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The function of the balance sheet is to _____ ?
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Show the financial condition of the business on a certain date
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When a lien has been satisfied, the lien holder shall issue a release within _____ .
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20 days
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Which insurance is required by law?
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Worker's compensation
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If land is sold for claim of lien, who has first right to the proceeds from the sale?
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The contractor's employees
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FLSA covers which of the following: sick pay, premium pay for weekends, overtime pay standards, or fringe benefits
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overtime pay standards
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If a notice of completion is filed, how the time to record a lien is ___ days.
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60 days
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You must serve a preliminary lien notice to the owner how many days before the actual lien?
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20 days
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A suit to forclosure on a lien must be filed within ____ after it is filed.
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6 months
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To avoid a lien, the owner can file a bond for ___ amount of the contract. How much must the bond be for?
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One and a half times the contract amount
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What does a BOP cover( Business owner coverage policy)?
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property and liability coverage together
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Commercial General Liability coverage protects against what?
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Offers basic liability coverage that covers four types of injuries: bodily, personal injury, advertising injury, and property belonging not belonging to the business.
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What does the Miller act accomplish?
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All federally funded projects over $100,00 must have payment and performance bonds.
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A regular employee who qualifies on behalf of a licensee is known as a ____?
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Qualifying party
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The application fee for an original specialty commercial contractor shall not be more than ___?
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$1000.00
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In order to qualify for unemployment insurance, an employee must have earned how much during a quarter?
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1500.00 $
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What tax is deducted solely from employee wages?
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State income tax
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Which employment tax is paid solely by the employer?
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FUTA ( Federal unemployment tax)
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Which 2 taxes are paid by both employer and employee?
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FICA and medicare
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What is a formal bid
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A GUARANTEE to construct the project for a quoted price according to plans and specs
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All residential contractors may be reassessed any time the residential contractor's recovery fund falls below ____?
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$ 2,000,000.00
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All local contractors should expect their material costs to be nearly the same b/c ____?
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The local suppliers are all competitive
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Which contract document must be signed by both the owner and the contractor?
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The standard form of agreement
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Which kind of project assigns the contractor responsibility for developing the entire project?
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Turn key
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Which type of contract provides for starting the project before the plans are complete?
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phased
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When scheduling, the PM develops the critical task analysis, which is the ____?
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Process of identifying each task and determining how long each task will take.
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The complete record of all activities and events at the construction site is called the ____?
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Daily log
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Which type of insurance protects the contractor against any loss to the project structure?
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Builders Risk
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An employee involved in roofing must be at least ____ years old?
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18
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What percentage of earnings go to medicaire and fica?
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7.65( FICA 6.2 + 1.45 Medicare)
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A corporation must make estimated tax payments if it anticipates an Arizona income tax liability of at least ____?
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$ 1000.00
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A tax return incomplete or filed late is subject to a penalty of ____?
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$ 500.00
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Which documents are acceptable as proof of citizenship to comply with I9?
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Driver's license and social security card
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