Construction planning p2

To calculate the amount that would be reasonable for a home mortgage, you should take your gross income and multiply by _________.

• 5

• 1.5

• 2.5

• 10

When a sub-contractor has a problem or needs to get paid, who is responsible?

• The General Contractor

• The Client

• The Bank

• The Foreman

What is another word for the timeline the General contractor keeps to know what to do and when to do it?

• Record

• Incentive

• Journal

• Schedule

The cost of permits give permission to build, but also provide for ___________________.

• Materials

• Inspections

• Salaries

• Mortgages

If you have funds beyond a mortgage to invest in your home, they are called ________________.

• liabilities

• bonds

• assets

• perks

A __________________ is an example of a sub-contractor.

• Lumber Yard

• Plumber

• Banker

• Client

When the Mortgage company pays the insurance and taxes, it is called _________________.

• a lein

• generous

• esgrow

• a foreclosure

If an architect is hired, the cost of the project will:

• stay the same.

• go down.

• go up.

• go away.

The most import role in the home building process to get references for is _____________________.

• The General Contractor

• The inspectors

• The Electrician

• The Client

The term used to describe the clients ability to move in is ___________________.

• Permit

• Residing

• Homesteading

• Occupancy