When you initially start working in the industry, what licences do you need to get?

Question 2: What is contractor compliance?

Question 3: Explain the term "Wave" and also its benefits in the construction business finance.

Question 4:What are the different types of financial risks in the building industry?

Question 5: Mention the qualifications and skills required for managing building and construction finances.

Question 6: What is the objective of a project budget?

Question 7: How can a construction project's cash flow be managed?

Question 8: What criteria must be considered, when choosing the right progress payment plan?

Question 9: Name the common problems/issues that can be identified while monitoring the financial health of the business.

Question 10: What are the basic things you can do to increase your cash flow?

Question 11: What are the benefits of employing electronic record keeping?

Question 12: Who is the most important person to disclose taxable payments to?

Question 13: Discuss the various types of insurance. When do you buy insurance, and how much do you pay?

Question 14: Mention the various ways in which a contractor is allowed to be paid for their services.

Question 15: What are the types of construction business loans?

Question 16: Mention the tools and techniques of cost estimation.

Answer rating: 100% (QA)

Question 1 When you initially start working in the industry the licenses you need can vary depending on your specific role and the industry sector Common licenses may include Contractors License Requi... View the full answer