Question

You are the qualifying party for the GC firm that you work for. You have been offered a better position with another company. Your current employer has ___ days to obtain another qualifying licensee.

a) 30 days
b) 60 days
c) 90 days
d) 120 days

Answer 1

Your current employer has 90 days to obtain another qualifying licensee if you, as the qualifying party for the GC firm, decide to leave for a better position with another company. In the scenario described, the correct option is c) 90 days.

Step-by-step explanation:

When a qualifying party for a general contractor (GC) firm leaves the company, the existing firm typically has 90 days to obtain another qualifying licensee.

The qualifying licensee is responsible for meeting the licensing requirements and overseeing the construction activities of the firm. If the qualifying licensee departs, the company must find a replacement within the specified timeframe to ensure compliance with licensing regulations.

This period allows the company to transition and maintain its ability to operate legally. It's important for the firm to promptly secure a new qualifying party to avoid any disruptions in its construction activities and to adhere to regulatory requirements.