Business FinancesQuestion 1170 of 1605
Accurate job-cost records are important primarily because they:
a.Show which jobs made or lost money and improve future bids
b.Replace the need for a contractor's bond
c.Are required to be filed with every building permit
d.Determine the CSLB license classification
Explanation
Detailed job-cost records reveal the true profitability of each project by comparing estimated to actual costs. This tells the contractor which types of work are profitable and makes future estimates more accurate.
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Sen Lin, PrepPass Founder · Verified against California CSLB Contractor License Law & Business Exam · How we review
Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)