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Business Management and Law for Commercial Contractors (2023-08-28)
There are 50 questions in this examination. You will need to answer 35 questions correctly in order to pass. You are allowed 125 minutes to complete this examination. NOTE: All Commercial Contractor candidates, except Fire Alarm and Burglar Alarm candidates, are required to pass the Business Management and Law for Contractors Examination and the technical examination of the specific license subcategory that they are applying for.
1. Business Management (2 Items)
2. Estimating and Bidding (10 Items)
3. Contracts and Agreements (12 Items)
4. Project Management (5 Items)
5. Insurance and Bonding (2 Items)
6. Safety Recordkeeping and Reporting (1 Item)
7. Labor Laws and Employment Regulations (3 Items)
8. Financial Management (7 Items)
9. Tax Laws (3 Items)
10. Liens (3 Items)
11. Environmental Laws and Regulations (2 Items)
The reference material listed below was used to prepare the questions for this examination. The examination may also contain questions based on trade knowledge or general industry practices. Except for Code books, you can base your answers on later editions of references as they become available. For Code questions, the examinations will be based only on the edition of the Code book that is listed.
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Closed Book These books are for pre-test study only and are not available for use during the test.
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NASCLA Contractors Guide to Business, Law and Project Management, South Carolina Commercial Contractors, 8th Edition
8th Edition
$92.00
The NASCLA 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.
