Florida General Contractor Florida General Contractor Contracts and Law 1

Question 1

Under Florida Statute Chapter 713, what is the deadline for a contractor to serve a Claim of Lien after the last day of furnishing labor or materials?

Accepted Answer

90 days

Answer

Florida Statute §713.08 requires a Claim of Lien to be recorded within 90 days after the last day of furnishing labor, services, or materials.

Question 2

What document must a contractor serve on the property owner before recording a lien in Florida?

Accepted Answer

Notice to Owner

Answer

Under Florida's Construction Lien Law, lienors other than the prime contractor must serve a Notice to Owner to preserve their lien rights.

Question 3

In Florida, what is the purpose of a Notice of Commencement?

Accepted Answer

To establish the priority date for construction liens and identify the owner and contractor

Answer

A Notice of Commencement establishes the date from which construction lien priorities are measured and identifies the owner, contractor, and lender.

Question 4

Under Florida law, what is the typical statute of limitations for filing a lawsuit based on a written construction contract?

Accepted Answer

5 years

Answer

Florida Statute §95.11 provides a 5-year statute of limitations for actions on written contracts, including construction contracts.

Question 5

Which of the following contract types shifts the most financial risk to the contractor in Florida construction?

Accepted Answer

Lump-sum (fixed price) contract

Answer

A lump-sum (fixed price) contract places the greatest financial risk on the contractor because the price does not change regardless of actual costs.

Florida General Contractor Practice Test

Florida General Contractor Practice Test

Florida General Contractor Florida General Contractor Contracts and Law 1