TN General Contractor Practice Questions - Tennessee General Contractor Exam

What is the difference between direct costs and indirect costs in a Tennessee construction estimate?

There is no difference Direct costs are labor, materials, and equipment for specific activities; indirect costs are general overhead Direct costs are for materials only; indirect costs are for labor only Direct costs are tax-deductible; indirect costs are not

Correct Answer:

Direct costs are labor, materials, and equipment for specific activities; indirect costs are general overhead

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