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VA CONTRACTORS CERTIFICATION
EVALUATION 2026 EXAM SCRIPT FULLY
SOLVED QUESTION SET
◉a contractor transaction recovery fund should be paid if due to. Answer: The licensee's improper or dishonest conduct ◉A contract for which of the following types of structures may be subject to recovery from the Transaction Recovery Fund?. Answer: Residential only. ◉Who is designated to be in charge of a local building department?. Answer: Building official ◉Contractors who are assessed a fee to support the Transaction Recovery Fund MUST pay this fee within a MINIMUM of how many days from when the assessment fee notice was mailed?. Answer: 45 Days ◉How much is the Class A initial license fee?. Answer: $ ◉When must the work be stopped following the issuance of a stop work order?. Answer: Immediately
◉What is the primary purpose of licensing?. Answer: Protect the health and welfare of the general public. ◉what is the maximum penalty for a contractor undertaking work without the proper class license?. Answer: $500 fine per day for each day of violation plus penalties for a misdemeanor ◉Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance is less than. Answer: $400, ◉Additions to building must comply normally with. Answer: The current code for a new construction ◉A building official MUST issue a certificate of occupancy for a building that meets all the requirements for a certificate within a MAXIMUM of how many working days after the certificate was requested?. Answer: 5 ◉According to the Board Rules and Regulations, which of the following could be a qualified individual?. Answer: A full-time employee, 18 years old, who passed examinations and experienced ◉The application for licensure MUST include. Answer: the business address of the proposed designated employee.
◉According to the Board Rules and Regulations, a full-time employee is one who works a MINIMUM of how many hours per week?. Answer: 30 hours ◉All Class A contractor licensure applications MUST include. Answer: Information on the knowledge, skills, and abilities of the applicant ◉Which of the following is a requirement for a joint venture?. Answer: Either the joint venture or each contracting party of the joint venture must be licensed ◉A firm who is attempting to obtain a Class A license shall provide information to the Board for the ( ) years prior to application on any outstanding, past due debts and judgments.. Answer: 5 ◉To obtain a Class B license the qualified individual shall have at least (. ) years experience. Answer: 3 ◉In the event the designated employee leaves the full time employ of a Class A licensed contractor, the contractor shall within (. ) days of that departure provide to the Board the name of the designated employee. Answer: 120
◉When violations are discovered more than ( ) years after the certificate of occupancy is issued, a notice of violation shall only be issued upon advice from legal counsel.. Answer: 2 ◉The Recovery fund shall. have a minimum balance of (. ) at all times. Answer: $400, ◉The maximum claim of a claimant against Fund based upon any unpaid judgment arising out of the improper of dishonest conduct involving one transaction shall bot exceed? a) $15, b) $20, c) $40, d) $10,000. Answer: $20, ◉In the event that a regulant's license has been revoked due to dishonesty, the regulant shall not be eligible to apply for a license until (. ) has been submitted to the Fund. Answer: the full amount paid from the Board plus interest ◉A license shall expire ( ) years from the last day of the month in which it was issued.
◉A particular project requires special tools not ordinarily used by the business. For the estimate, the entire cost of these tools should be. Answer: Included in the equipment cost ◉Construction business differs from the manufacturing in that. Answer: product price is determined before actual cost is determined ◉An owner makes a progress payment to the contractor one day later than originally called for by the contract. the contractor decides to abandon the job without completing it. The contractor probably a) is legally justified b) has committed a material breach of the contract. c) should have obtained a lien against the property d) should have requested change order.. Answer: B) has committed a material breach of the contract ◉Which of the following is a requirement for a joint venture?. Answer: The joint venture must have a contractors license ◉Two crews can complete a job in 40 hours. If five crews do the same job, in how many hours will they complete the job?
a) 100 hours b) 18 hours (2.2 days) c) 16 hours (2 days) d) 14 hours. (1.8 days). Answer: c) 16 hours (2 days) ◉A method of reducing theft on the job is to. Answer: control material deliveries ◉Modifications to a contract affecting cost, materials, work scope, or estimated completion date shall. Answer: be in writing and signed by all parties ◉A business plan for starting a business should include all of the following EXCEPT a) competition b) financing c) long range forecasting d) contract documents. Answer: d) contract documents ◉An acceptance of an offer which changes some of the original offer is considered. Answer: a counter offer
a) a penalty for work not performed in accordance with the plans and specifications b) a penalty for delays caused by the weather c) an amount to be paid if the owner causes a delay in the completion of the work d) an amount to be paid if the contractor does not finish the job on time. Answer: an amount to be paid if the contractor does not finish the job on time ◉Which of the following is included in the project overhead? a) advertising costs b) equipment rentals c) material delivery charges d) supervisor salaries. Answer: d) supervisor salaries ◉Bids should prepare for a) only projects with a request for bid. b) all projects with a scope of work similar to that typically performed by the company c) only those projects whose general conditions are similar to those on projects previously performed by the company
d) only those projects on which the company can be competitive with other bidders.. Answer: all projects with a scope of work similar to that typically performed by the company ◉Which of the following is an advantage of a sole proprietorship?. Answer: The business can be sold at will ◉What has been the approximate average profit margin in the construction industry in the past several years?. Answer: 15% ◉An advantage of keeping inventory levels as low as possible is. Answer: minimizing working capital needs ◉The typical result of including a higher than usual markup for a profit in estimates is. Answer: fewer bids awarded ◉Company overhead rates included in an estimate should be based on. Answer: historical data and business projections ◉Changes to the plans and specifications made before bids are due are called a) change orders b) alternates
◉Which of the following is included in the company overhead, or general administrative (G& A)? A) permits B) storage facilitites C) company insurance D) equipment operating expenses. Answer: company insurance ◉Which of the following usually contracts with a subcontractor?. Answer: Prime contractor ◉In a typical contractual agreement, who is responsible for ensuring that all required permits are obtained? A) contractor B) owner C) architect D) supervisor. Answer: Contractor ◉The owner requests changes which will cost the contractor $2, in labor and materials and $700 in overhead costs. With the change, the contractor would be relieved of $1,000 in labor costs and $ in overhead costs from the original contract. The original bid included profit of 10% of all costs. The contractor wants to make a
profit of 10% of all costs on the changes. The amount of the change order should include a request of an additional.... Answer: b) $2, (check pics for explanation) ◉On MOST large construction projects, which typically certifies to the owner that progress payments should be made? a) general contractor b) subcontractor c) inspector d) architect or engineer. Answer: d) architect or engineer ◉A lump sum contract on a project has a total contract price of $200,000. Retainage has been held back at 10%. The contractor has received progress payments of 90% of the project. The contractor submits a request for the final payment for the now completed project. The final payment amount should be for. Answer: c) between $35,000 and $40,000 ($38,000) ◉A subcontractor does NOT provide worker's compensation coverage to employees. Who is liable for providing coverage to the subcontractor's employees?. Answer: General contractor ◉A contractor agrees to unit price contract to Product A for $50 per unit, Product B for $50 per unit, and Product C for $375 per unit.
a) approval of all plans b) complete work according to plans c) keep job site safe d) secure appropriate building permits. Answer: a) Approval of all plans ◉The management team for a limited partnership consists of?. Answer: c) general partners ◉A job has direct costs of $198,325, project overhead of 9.2%, company overhead of 13.9%, and a desired profit of 10.7%. What will the correct bid be?. Answer: d) $299,584. (100% - overheads & profit markup, total X 100/ 66.2) ◉Typically which of the following is not a breach of contract? a ) using similar material for an installation b) perform an illegal act c) A party refuses to perform the contract d) preventing the other party from performing obligations. Answer: a ) using similar material for an installation ◉All are involved in a common construction contract except:
a) Fixed price b) Unit price c) Cost price d) Traditional price. Answer: d ) traditional price ◉The MOST important reason for thoroughly understanding contracts is to A) resolve disputes B) prevent disputes C) evaluate an offer D) ensure adherence to code. Answer: B) Prevent disputes ◉The MOST accurate source for estimating hours to perform a task is A) manufacturers specs B) payroll records C) Plans and Specifications D) job cost records. Answer: d) job cost records ◉All of the following are components of project management EXCEPT
d) show the work done by subcontractors.. Answer: c) show the dependency of activities on each other ◉What is the maximum fine amount per day for failure to comply with EPA requirements for exposure to lead?. Answer: $37, ◉Who is responsible for providing safe working conditions for employees?. Answer: Employer ◉Superintendent daily job logs are useful for all EXCEPT a) settling disputes b) job scheduling c) safety issues d) quality of workmanship. Answer: d) quality of workmanship ◉The REQUIRED quality for a project is typically described in the. Answer: Specifications ◉A contractor is performing repairs in housing built before 1978. The repair will include replacement of 4' X 8' area of repaired drywall. The contractor MUST. Answer: provide The EPA lead pamphlet to an adult occupant
◉Who is responsible for providing jobsite employees with address to material safety data sheets?. Answer: Employer ◉A quality assurance program can result in all of the following benefits EXCEPT A) reduce costs B) reduce theft losses C) quicker completion time D) better company success. Answer: B) reduce theft losses ◉All of the following are possible causes of going over budget on a project EXCEPT a) mismanagement b) theft c) bad estimating d) accurate accounting. Answer: d) accurate accounting ◉A contractor's employee discovers a possible safety hazard at a job site. The employee informs the contractor. Safety regulations do NOT address this particular safety hazard. The contractor should.... Answer: correct hazard through certified Hazardous Material contractors
