Florida General Contractor Contracts and Law Flashcards
6 cards from real Florida General Contractor practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Florida General Contractor Contracts and Law flashcards as text
Under Florida Statute §489.126, how soon must a contractor apply for a required permit after receiving a deposit from a residential homeowner?
Answer: Within 30 days
Florida Statute §489.126 requires a contractor who receives a deposit to apply for any required permits within 30 days of receiving the deposit.
What constitutes 'abandonment' of a construction project under Florida Statute §489.129?
Answer: Failing to perform work for 90 consecutive days without a valid reason
Under Florida Statute §489.129, abandonment is defined as failing to perform work without valid reason for 90 consecutive days.
In Florida, what is the effect of a 'no-damages-for-delay' clause in a construction contract?
Answer: It bars the contractor from receiving monetary compensation for owner-caused delays
A no-damages-for-delay clause typically limits the contractor's remedy for owner-caused delays to time extensions only, not monetary compensation.
Under Florida's prompt payment laws, how many days after receiving a complete payment application must an owner pay a contractor on a private project?
Answer: 20 days
Florida Statute §715.12 generally requires owners on private construction projects to pay contractors within 20 days of receiving a complete pay application.
Which of the following is an essential element required to form a valid construction contract in Florida?
Answer: Mutual assent (offer and acceptance), consideration, and legal capacity
A valid contract in Florida requires mutual assent (offer and acceptance), consideration, legal capacity of the parties, and a lawful purpose.
What is the primary function of a 'liquidated damages' clause in a Florida construction contract?
Answer: To predetermine the daily cost of delays when actual damages are difficult to calculate
Liquidated damages clauses establish a pre-agreed daily dollar amount for project delays, avoiding the difficulty of proving actual damages.