Florida General Contractor Practice Exam 2025 - Free Contractor License Practice Questions and Study Guide

Image Description

Question: 1 / 400

According to AIA 401, within how many days must the general contractor pay the subcontractor after receiving payment from the owner?

7 days

10 days

The correct answer is ten days. AIA Document A401, which outlines the General Conditions of the Contract for Construction, specifies that after the general contractor receives payment from the owner, they are obligated to make the corresponding payment to the subcontractor within ten days. This requirement ensures that subcontractors are paid promptly for their work, fostering trust and maintaining positive relationships between contractors and subcontractors. Timely payment is crucial in the construction industry as it helps to keep projects on schedule and ensures that subcontractors can continue their operations without financial disruptions. Understanding these timelines is vital for general contractors to maintain compliance with contractual obligations and uphold good business practices.

Get further explanation with Examzify DeepDiveBeta

15 days

30 days

Next Question

Report this question

Download Florida General Contractor Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy