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Section 1
Establish a contracting business
Preview
Preview: Business and Finance (50%)
Preview includes- 4 of 5 lesson topics
- 1 overview segment
- 3 core concepts
- 2 exam tips
Lesson Topics
- Business structure and qualification
- Qualifying-agent and FRO authority
- Startup insurance and tax controls
- Fixed-asset buy/rent decisions
Overview
Florida contractor business questions combine entity setup with the practical controls needed to operate a construction company.
Core Concepts
- Business structure affects registration, taxation, authority, records, and risk, but a corporation/LLC does not itself supply contractor licensure.
- Under Florida Chapter 489, a business organization engages in contracting through a qualifying agent; hiring a licensed GC as an employee is not the same as qualifying the entity.
- A primary qualifying agent is responsible for construction operations and, unless a financially responsible officer is approved, financial matters. An approved FRO is a financial-role control and does not replace construction responsibility.
Exam Tips
- On authority questions, identify the legal role before choosing the operationally convenient answer.
- On buy/rent questions, use only costs the stem tells you to include.
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Section 2
Manage preconstruction activities
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Section 3
Apply construction methods and materials
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Section 4
Manage administrative duties and contracts
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Section 5
Manage trade operations
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Section 6
Administer project contracts
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Section 7
Manage jobsite safety
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Section 8
Conduct accounting functions
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Section 9
Manage human resources
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Section 10
Obtain licenses permits and approvals
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Section 11
Read plans and specifications
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Section 12
Comply with government regulations
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Section 13
Coordinate construction procedures and operations
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Section 14
Apply current Florida codes and standards
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