Florida General Contractor Exam

On a $1,000,000 contract with 10% retainage, the contractor has completed 40% of the schedule of values and received no prior payments. Using AIA G702/G703 logic, what amount is due on this application?

1. A$440,000
2. B$400,000
3. C$40,000
4. D$360,000Correct

Why: Amount due = (work completed and stored to date) - retainage - prior payments. Work to date is 40% x $1,000,000 = $400,000; less 10% retainage ($40,000); less $0 prior = $360,000. The withheld $40,000 is released later per the contract.Amount due = value completed/stored - retainage - prior payments; AIA G702/G703 (Ch. 2, Part E)

Under OSHA construction standards, at what height above a lower level does fall protection generally become required for workers on a construction site?

1. A2 feet
2. B4 feet
3. C6 feetCorrect
4. D20 feet

Why: OSHA's construction fall-protection rule (29 CFR 1926.501) generally requires protection — such as guardrails, safety nets, or personal fall-arrest systems — when a worker is exposed to a fall of 6 feet or more to a lower level. (Note the general-industry trigger is 4 feet, but on construction sites the 6-foot rule applies.) Falls are consistently a leading cause of construction fatalities, which is why this threshold is heavily tested and enforced.