South Carolina Business Management and Law Exam Prep Course Syllabus






This course will prepare students for the Business and Law portion of the exam and is based on the relevant chapters found in the South Carolina NASCLA Contractors Guide to Business, Law and Project Management, Residential Builders, 7th Edition.

Licensing Law

Article 1
Certificates of Authorization
Article 5
Residential Contractor Rules and Regulations
Frequently asked questions to become licensed as a Residential Builder

Business Organization

New Business Start-up
Establishing a Business Entity
Naming your Business

Risk Management

Employment Insurance
Contract Surety Bonds
Federal Construction Projects
South Carolina Public Construction Projects

Bidding and Estimating

Bid Documents
Estimate Planning
Determining Costs
Common Sources of Error
Submitting the Bid
Job Cost Recording
Estimating Software
Making a Profit

Contract Management

Basic Contract Elements
Contract Provisions
Breach of Contract
Limiting Risk
Types of Contracts
Methods of Contracting
Change Orders
Dispute Resolution
Contract Documents and Project Manual
Oral vs. Written Contracts

Project Management

Project Schedule
Cash Flow
Project Management
Project Life Cycle
Daily Reports
Budget and Cost Controls
Tracking the Budget
Quality Control
Value Engineering

Employee Management

State Labor Law
Federal Labor Law

Jobsite Safety and Environmental Factors

Safety and Health Programs
Environmental Laws
Hazardous and Non-hazardous Waste
Lead Based Paint

Financial Management

Accounting Cycle
Financial Ratios and Trend Analysis
Methods of Accounting
Contract Accounting
Cash Management
Equipment Records
Accounting for Materials
Payroll Accounting

Tax Law

State Tax Law
Federal Tax Laws

Lien Law

Lien Law
Notice of Project Commencement
Notice of Furnishing
Notice of Non-Responsibility
Collecting on Lien

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