Please check if my answers are correct or not for the multiple choice .. A. The owner to pay on a weekly basis ) The owner to pay on a monthly basis C. The owner D. The contracto 56. Arizona's Pr...
A. The owner to pay on a weekly basis ) The owner to pay on a monthly basis C. The owner D. The contracto 56. Arizona's Prompt Pay law requires: to pay at certain percentages of completion r to provide a guaranteed maximum price an 57. When a subcontractor submits a bid to the contractor, it constitutes Meeting of the Minds Consideration A. C Offer D. Acceptance When a subcontractor refuses to enter into a subcontract after submitting a bid to the 58. contractor, which the contractor used in submitting its bid to the owner, the contractor may: A. Force the subcontractor to perform B. Sue the subcontractor for breach of contract Hire a new subcontractor and sue the subcontractor for damages Do nothing D. Under Arizona's Prompt Payment Law, if the owner does not timely object to th contractor's pay application: 59. A. The contractor is entitled to a mechanic's lien B. The contractor is not required to pay its subcontractors C. The pay application is rolled over to the next month The pay application is deemed certified and approved and must be paid in full 60. A proper mechanic's and materialmen's lien allows an unpaid contractor, worker or materialman to do what to get paid? A. Get money from the owner's bank account Force the sale of the property where the labor and/or material was furnished C. Get money directly from the owner's lender ) Repossess items provided to the project 61. A private owner wants to refuse payment to the general contractor, the private owner must notify the general contractor withindays after receipt of the contractor's application for payment: 14 Days B. 20 Days C. 30 Days D. 6 Days When a contractor is paid for all costs incurred plus a fee based on a percentage of the costs incurred, it is commonly known as: 62. Cost plus a fixed fee Cost plus a percentage fee Lump Sum D. A guaranteed maximum price
A. The owner to pay on a weekly basis ) The owner to pay on a monthly basis C. The owner D. The contracto 56. Arizona's Prompt Pay law requires: to pay at certain percentages of completion r to provide a guaranteed maximum price an 57. When a subcontractor submits a bid to the contractor, it constitutes Meeting of the Minds Consideration A. C Offer D. Acceptance When a subcontractor refuses to enter into a subcontract after submitting a bid to the 58. contractor, which the contractor used in submitting its bid to the owner, the contractor may: A. Force the subcontractor to perform B. Sue the subcontractor for breach of contract Hire a new subcontractor and sue the subcontractor for damages Do nothing D. Under Arizona's Prompt Payment Law, if the owner does not timely object to th contractor's pay application: 59. A. The contractor is entitled to a mechanic's lien B. The contractor is not required to pay its subcontractors C. The pay application is rolled over to the next month The pay application is deemed certified and approved and must be paid in full 60. A proper mechanic's and materialmen's lien allows an unpaid contractor, worker or materialman to do what to get paid? A. Get money from the owner's bank account Force the sale of the property where the labor and/or material was furnished C. Get money directly from the owner's lender ) Repossess items provided to the project 61. A private owner wants to refuse payment to the general contractor, the private owner must notify the general contractor withindays after receipt of the contractor's application for payment: 14 Days B. 20 Days C. 30 Days D. 6 Days When a contractor is paid for all costs incurred plus a fee based on a percentage of the costs incurred, it is commonly known as: 62. Cost plus a fixed fee Cost plus a percentage fee Lump Sum D. A guaranteed maximum price