SC Law And Business Management Practice Questions - South Carolina Business Management And Law For Commercial Contractor Examination Exam

A South Carolina general contractor wants Group Two. Which set matches S.C. Code § 40-11-260 and the LLR group table?

Bids and jobs not to exceed USD 100,000; working capital USD 10,000 or net worth USD 20,000; surety bond USD 20,000 Bids and jobs not to exceed USD 400,000; working capital USD 40,000 or net worth USD 60,000; surety bond USD 60,000 Bids and jobs not to exceed USD 1,000,000; working capital USD 100,000 or net worth USD 150,000; surety bond USD 150,000 Bids and jobs not to exceed USD 3,000,000; working capital USD 175,000 or net worth USD 250,000; surety bond USD 250,000

Correct Answer:

Bids and jobs not to exceed USD 400,000; working capital USD 40,000 or net worth USD 60,000; surety bond USD 60,000

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