Conquer the Contractor Exam Advanced Portion in Under 90 Minutes: Study Guide for Estimating, Bidding, Contracts, Project Management, Risk, Safety, Labor Laws, Construction Finance, Taxes, and Liens

By: Philip Martin McCaulay

Narrated by: Virtual Voice

This concise advanced study guide is designed for experienced contractors who operate beyond basic trade knowledge and into the business, legal, and financial realities of construction operations. It focuses on the decisions that shape profitability, liability exposure, and long-term stability, addressing the responsibilities that arise once a contractor controls estimating, contracts, workforce practices, and project execution at scale.

The book provides focused coverage of advanced estimating and bidding strategy, contract formation and administration, project planning, and enterprise risk management. It explains how contractual structures allocate risk, how schedule and resource decisions affect financial outcomes, and how claims, disputes, and remedies emerge when obligations are misaligned. Each topic is presented as a management system rather than a collection of isolated rules.

Labor compliance, safety responsibility, and workforce liability are treated as operational controls rather than administrative side issues. The guide explains employment classification, wage standards, hiring and termination risk, and enforcement exposure in a way that reflects how these issues actually arise on active projects. Safety management and incident response are framed as leadership responsibilities that directly affect legal and financial outcomes.

The financial portion of the book addresses cash flow control, job cost accounting, capital management, taxes, and payment security. It explains how money moves through construction operations, how financial controls protect solvency, and how lien rights function as a last-line payment safeguard. This guide is written for contractors who already understand construction work and now need mastery of the advanced systems that determine whether a contracting business survives, grows, and remains defensible under pressure.