Utah Contractor Practice Exam

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Study for the Utah Contractor Exam with comprehensive quizzes and resources designed to help you master the content. Engage with flashcards and multiple-choice questions that equip you with the knowledge needed to pass the exam!

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What is the timeframe in which a prime contractor is required to pay a subcontractor after receiving a progress payment?

6 days
10 days
15 days
20 days

The correct answer is: 10 days

The required timeframe for a prime contractor to pay a subcontractor after receiving a progress payment is stipulated by the laws governing construction contracts in Utah. When a prime contractor receives a progress payment from the property owner or lender, they are obligated to pay their subcontractors in a timely manner to ensure that subcontractors can meet their own financial commitments and maintain cash flow for their ongoing work. In this context, the correct answer is based on the statutory regulation that mandates payment within 10 days. This requirement is set in place to protect the interests of subcontractors and to promote financial responsibility within the construction industry. Ensuring that subcontractors receive their due payments promptly helps maintain a healthy working relationship among all parties involved in a construction project, thus fostering an environment of smooth operations and reducing risks of disputes. The other timeframes provided—6 days, 15 days, and 20 days—do not align with the specific legal mandate related to payment schedules for subcontractors, making them incorrect choices. The law aims specifically for a 10-day period, balancing timely payments with the operational realities of managing construction funding.