Contractor must pay on contract bond is based on

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Reference no: EM132155439

1. Which one of the following is an overhead cost:

A. All of these are overhead

B. Insurance

C. Office equipment

D .Travel

2. Find the average annual value of a bulldozer that was purchased at $899,999.00 and the freight cost was $10,206. It currently has 10 years of useful life left and a salvage value of $65,000 an the tracks cost $15,000.

A. $521,613

B. $44,760

C. $529,861

D. $500,613

3. TRUE OR FALSE: Bidding procedures are usually fixed in a private project bidding situation.

4. The premium that contractor must pay on a contract bond is based on:

A. Bond rates

B. Duration of the project

C. All of these are a consideration for the bond premium

D. Total contract amount

E. Type of construction

Reference no: EM132155439

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