Only 60% and I'm a Civil Engineer and in the construction industry!
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80% Controls Tech for a Climate solutions company
60 % .. Great quiz! I’ve only you tubed DIY construction :) no idea what a lot of the technical terms are so this was a good study
Can anyone refer me to a Chicago based GC that specializes in fix and hold properties? Margins will be thin but investor looking to do 3-5/month over the next 12-18 months.
8/10 - but I stayed at a Holiday Inn Express last night
90%, but 'm an Architect!
Missed the one about liens.
Fun quiz. Got 8/10. Project Manager for a Heavy Civil contractor. Large company with lawyers on staff so I missed a couple of he legal questions.
The lien question is a little confusing. "A construction lien does all of the following, except." Anyone know why this would have anything to do with increasing the contractors labor cost?
80% librarian investor
I got a 0 percent. Id say i know nothing, but i didn't take the quiz yet.
Being complete new to all of this, 50/50 isn't bad for me I think.
80% I'm a realtor and my Dads a custom home builder so I better have :-)
I got an 80, but I was a construction manager and inspector for the Corps of Engineers while I was in the Army.
90% but I am a CPA who specializes in construction and real estate so I deal with issues and terms like the ones in the quiz pretty regularly. I also just passed the real estate exam and recently sat for the CCIFP exam (Certified Construction Industry Professional. Not to mention I also worked in construction growing up as my dad worked construction and had a masonry business he did on the side.
The only question I missed was the same as the one Ryan Kinsella mentioned above. I would think a lien would increase costs to the owner, not increase the contractors labor cost but I could see the argument that since there are liens the contractors build that in with increased labor costs.
90% farmer here
Awesome quiz, Ive been a contractor for 30 years and honestly a couple of them stumped me on the wording! Great job!
Engineering degree and some common sense!
I got 70% but I don't really know anything about that stuff... Yet..
I'm just pretty good with deduction from context..
90% for me. I misread number seven. Fun quiz. I'm impressed with how high everyone's score is!
Got 80%, better than I expected.
CM for Multifamily developer. I got 8/10 but it should have been 9/10.
Question 8 should be rewritten. Liquated damages are intended to compensate the owner in the event that the contractor delays completion. The LD “rate” needs to be an accurate and thoughtful consideration of the damages incurred to the owner by the contractor’s delay. Such as construction loan interest and rental income opportunity costs. Most courts have ruled that LDs written with the intent to ‘penalize’ the contractor are not enforceable. Avoid using the P-word when discussing LDs.
Great format though. Thanks for making this.
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