A General Contractor will interpret which of the following as a sign of weakness:

a) You blink.

b) You Cower.

c) You ask for a fair deal.

Dealing with a General Contractor from a position of weakness is similar to:

a) A good faith negotiation

b) Obtaining help from a good friend

c) Playing Russian Roulette with all chambers loaded

General Contractors take the most pride in:

a) A job completed on time.

b) A job completed under budget.

c) Having a profitable year.

d) Screwing a sub out of $10.

A General Contractor will issue a deductive change order when:

a) A job revision has taken place.

b) Costs are lower than anticipated.

c) They think they can get away with it.

A General Contractor falls into shark infested waters, you should:

a) Throw him a life preserver.

b) Throw chum into the water.

c) Bet on the contractor to win.

Retention becomes the property of a General Contractor when:

a) The back-charges exceed the retention.

b) The sub agrees to it.

c) The sub releases their lien.

d) The General Contractor no longer needs the sub

Contracts are usually awarded to:

a) The most qualified company

b) The Company with the best reputation

c) The company that did the worst estimating

The biggest sin a General Contractor can commit is:

a) Failing to complete a job

b) Violating State or Federal laws

c) Letting a sub "get ahead of them"

Job cost estimates are based upon:

a) Historical experience

b) Current projections

c) Multi-linear regressions

d) What it takes to get the job.

A project managers revisions to job costs are based upon:

a) Future costs expected to be incurred.

b) Engineering analysis.

c) What they think management wants to hear.

A loss job can most readily be identified:

a) Prior to commencement of work.

b) Midway through production.

c) Only after completion.

d) Shortly after the project manager quits.

The first person to identify a loss job is usually:

a) The project manager

b) The production supervisor

c) The company owner

d) The receptionist

Additive change orders are collectible when:

a) Extra work was necessary

b) The owner approves them

c) The Contractor is convinced you will lien the job.

Performance Bonds are necessary when:

a) It is a Public Works project.

b) The contract requires it.

c) You are not done and they catch you.

Cost over-runs are usually the result of:

a) Bad Estimating.

b) Bad management of the job.

c) Purchasing errors.

d) Bad luck.

In order to enter contracting you must be:

a) An optimist

b) A pessimist

c) A realist

d) Out of your mind and otherwise unemployable.

The profitable jobs are those that:

a) Are well estimated

b) Fit the companies skills

c) Somebody else got.

You can tell a contractor is in trouble when:

a) Payment patterns change.

b) They borrow money.

c) They stay in contracting.