NASCLA Contractors Guide Exam Questions and Answers (Solved Papers) Other than a serious violation - Correct Answers ✅Discretionary penalty up to $7k each Serious violation - Correct Answers ✅Mandatory penalty up to $7k each Willful violation - Correct Answers ✅Up to $70K w/ minimum penalty of $5k each Repeated violation - Correct Answers ✅Up to $70k Failure to Abate Prior - Correct Answers ✅Civil penalty of $7k/day not corrected De minimis violation - Correct Answers ✅documented but not cited Falsifying records - Correct Answers ✅up to $10k fine or 6 months in jail Failure to posting - Correct Answers ✅up to $7k Assaulting a compliance officer - Correct Answers ✅Up to $5k and 3yr imprisonment 1 / 2
NASCLA Contractors Guide Exam Questions and Answers (Solved Papers) Bonds - Correct Answers ✅Risk transfer methods that covers a contractor's inability to perform a task/job Types of Bonds - Correct Answers ✅-performance -maintenance -bid -payment -completion -fidelity -lien -bank letter of credit -subcontractor's bond Parts of a business plan - Correct Answers ✅cover page, executive summary, company summary, products and sales, market analysis, marketing strategy, financial plan contingency time - Correct Answers ✅buffer b/w tasks; extra time for unforseen complications (e.g. weather delays, custom/special order work) Float time - Correct Answers ✅time remaining in b/w tasks
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