Contracts & ExecutionQuestion 187 of 690
A general contractor uses a critical path method (CPM) schedule mainly to:
a.Calculate sales tax on materials
b.Determine the home improvement down payment limit
c.Identify the sequence of activities that controls the project completion date
d.Decide which subcontractor to bid-shop
Explanation
A CPM schedule maps task dependencies and durations to find the critical path, the longest chain of activities that determines the minimum project duration and the completion date.
Practice all 690 questions free — no signup required.
Related questions on this topic
- A contractor's bid totals $90,000, of which $54,000 is direct cost. What percentage of the bid is gross profit and overhead combined?
- A contractor estimates a job will take 320 labor hours at a fully burdened rate of $55 per hour. What is the estimated labor cost?
- Three contractors submit sealed bids of $182,000, $176,500, and $189,300 for the same defined scope. The lowest responsible, responsive bid is:
- On a fixed-price contract, the contractor's estimate was $100,000 but actual costs reached $112,000. The owner still pays only the agreed price. The contractor's profit or loss is:
- If a contractor performs home improvement work without a written contract or with a noncompliant contract, the most likely consequence is:
- An owner asks a contractor to add an unforeseen scope of work mid-project. To be paid for the extra work, the contractor should FIRST:
Last reviewed: · editorial process
PrepPass Editorial Team · Verified against California CSLB Contractor License Law & Business Exam · How we review