NV General Contractor Practice Questions - Nevada General Contractor Exam

What is 'overhead and profit' (O&P) in construction estimating?

The combined markup added to direct costs to cover business expenses and generate a profit for the contractor The cost of the building's roof and upper floors The owner's budget for the project The cost of insurance only

Correct Answer:

The combined markup added to direct costs to cover business expenses and generate a profit for the contractor

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