Business and Finance
Test one for all construction certification categories shall consist of questions relating to the business and financial management of a contracting firm. The content areas to be covered and the approximate percentage to be assigned to each area are as follows:
- Managing Cash Flow
- Estimating and Bidding Jobs
- Negotiating and Interpreting Contracts and Agreements
- Processing Purchase Orders
- Controlling Purchasing
- Scheduling for a Contract
- Controlling Costs of Fixed Assets
- Obtaining Insurance and Bonding
- Complying with Contracting Laws and Rules
- Managing Personnel
- Complying with Payroll (Federal, State) and Sales Taxes
- Interpreting Financial Statements and Reports
- OSHA Reporting and Posting Rules
Examination Content Outline
The Test is an open book examination; however the student has to be able to locate within a short time the answers to the questions presented in the exam. This course is designed to teach the students how to navigate the reference books listed above and find the different topics which are outlined above, so that they may successfully pass the test.
The Score necessary to achieve a passing grade on all the construction certification examinations must be no less than a percentage of seventy (70%) out of one hundred percent (100%) on each of the required tests. If you want to obtain a Construction License in the State of Florida this is the course to start toward that goal.
Approved References Materials
The text books authorized by the Construction Industry License Board which are allowed for the test are the following:
- Contractors Manual, 2009
- Builders Guide to Accounting
- AIA Documents – 2007 Edition
- Occupational Safety and Hazard Act (OSHA) Manual – Chapters 1903, 1904 and 1910
