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NASCLA Contractors Guide----NASCLA Contractors Guide
Typology: Exams
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Other than a serious violation - correct answer ✔✔Discretionary penalty up to $7k each Serious violation - correct answer ✔✔Mandatory penalty up to $7k each Willful violation - correct answer ✔✔Up to $70K w/ minimum penalty of $5k each Repeated violation - correct answer ✔✔Up to $70k Failure to Abate Prior - correct answer ✔✔Civil penalty of $7k/day not corrected De minimis violation - correct answer ✔✔documented but not cited Falsifying records - correct answer ✔✔up to $10k fine or 6 months in jail Failure to posting - correct answer ✔✔up to $7k Assaulting a compliance officer - correct answer ✔✔Up to $5k and 3yr imprisonment Bonds - correct answer ✔✔Risk transfer methods that covers a contractor's inability to perform a task/job Types of Bonds - correct answer ✔✔-performance -maintenance -bid -payment -completion
-fidelity -lien -bank letter of credit -subcontractor's bond Parts of a business plan - correct answer ✔✔cover page, executive summary, company summary, products and sales, market analysis, marketing strategy, financial plan contingency time - correct answer ✔✔buffer b/w tasks; extra time for unforseen complications (e.g. weather delays, custom/special order work) Float time - correct answer ✔✔time remaining in b/w tasks
Grounds for denials/reprimands/suspensions of license - correct answer ✔✔- fraudulently/deceptively helps someone attain license