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Business and Law Examination (2020-09-02)
The Business and Law examination may include questions that appear not to directly relate to your licensing category. However, this examination and those questions are testing your general ability to research information.
Number of Questions - 50
Minimum Passing Score of 70%
Time Allowed - 2 Hours
Closed Book These books are for pre-test study only and are not available for use during the test.
Publication Year: 2015
Connecticut, Contractors Guide to Business, Law and Project Management is organized into 3 sections. Part 1 focuses on business planning and start up. This section will help you formulate a business plan, choose a business structure, understand licensing and insurance requirements and gain basic management and marketing skills. Part 2 is centered on fundamentals that you will need to operate a successful construction business. This section will cover estimating, contract management, scheduling, project management, safety and environmental responsibilities and building good relationships with employees, subcontractors and customers. Part 3 gives you valuable information for running the administrative function of your business. Financial management, tax basics and lien laws are covered. Effective management of these areas of business is vital and can cause you serious problems if you do not give them the proper attention.