VA Contractors Questions and Answers: A Comprehensive Guide for Licensing and Regulations, Exams of Engineering

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VA Contractors Questions And Answers

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A contractor does not notify a change of address and so does not receive a timely Notice of Renewal. Who is responsible for when the contractor does not renew his license on time? - ANSWERSThe Licensee Contractor A Designated Employee should be? - ANSWERSAt least 18, Full Time, Passed Required Exams What is the initial Recovery Fund fee? - ANSWERS$ If a contractor earns more than $_______ per year, then the contractor is required to have a Class A. - ANSWERS$750, If a contract awards more than $_________ per payment, the contractor is required to have a Class A. - ANSWERS$120, An Erosion control conservation plan needs to be approved within ____ days. - ANSWERS60 Days Where do you go to file an appeal of a violation to the USBC provisions? - ANSWERSto The LBBCA Local Board of Building Code Appeals A contractor is required to submit a renewal within____ days of the expiration date? - ANSWERS Who can file a complaint against a contractor? (under the recovery fund) - ANSWERSResidential Property Owner What is required when changing the from of entity from a sole proprietorship to a corporation - ANSWERSA new license What is the maximum fund allowed for a single contractor? (per biennium) - ANSWERS$40,

To whom should a stop work order be given? - ANSWERSowner, owner's agent or the person doing the work Within how many days should be submitted an appeal for construction? - ANSWERS Days An appeal of the local building officials decision to refuse to grant a modification to the USBC MUST be made within how many days? - ANSWERS30 Days Documents related to a contract should be kept for ______ years? - ANSWERS Where should one set of all approved building documents be kept? - ANSWERSAt the building site An erosion control conservation specification needs to be approved within_____ days - ANSWERS45 days After notification by the code official, an application for a permit shall be considered to have been abandoned for _____ months - ANSWERS Where is the Recovery Fund used? - ANSWERSto pay claimants subject to improper or dishonest conduct of a regulant Disturbed land areas of less than ______ sq ft in size may not be an issue of sediment and erosion control. - ANSWERS10, A designated employee must work a minimum of how many hours for a licensed contracting business? - ANSWERS30 hours The Board can refuse to renew a license when the principal owner is a former owner or officer of a firm that______ - ANSWERSHad its contractor licensee revoked what is the maximum amount a single contractor's Transaction Recovery Fund claim against a licensee can be? - ANSWERS$40, A license was issued on 10/15/2021. The expiration date is? - ANSWERS10/31/ What is the maximum amount that can be paid out on behalf of a single contractor? - ANSWERS$40, A code official can begin legal proceedings against a contractor with a minimum of how many violations within one calendar year for work without a permit: - ANSWERSThree Where must a building permit be posted? - ANSWERSat the building site

When a claimant is paid from the contractors recovery fund, - ANSWERSthe contractor license is revoked A decision of the local building officials must first appeal to - ANSWERSthe Local Board of Building Code Appeals An offer normally includes all of the following EXCEPT - ANSWERSSubcontractor's name Minimum age for designated employee - ANSWERS18 years old Class A and Class B Must operate - ANSWERSunder the name the license was issued ACME builder contracts a cement driveway for Mrs. Bee. During construction, the home owner decides she needs the driveway to be wider to have an easier access to the garage. The contractor agrees to increase the width at an additional cost and Mrs. Bee agrees to pay for the licensee. Once construction has been completed, Mrs. Bee refuses to pay for the increase saying the contractor estimated the contract incorrectly. The homeownership no legal obligation to pay for the increase because the - ANSWERScontractor failed to prepare a change order to the contract and have the homeowner sign it The maximum single Contractors Transaction Recovery claim against a licensee is - ANSWERS$40, A class A license is required when a single contract is worth more than? - ANSWERS$120, Temporary erosion and sediment control measures MUST be removed within a MAXIMUM of how many days after the final site stabilization? - ANSWERS30 days When may a license be transferred? - ANSWERSnever If a claimant is paid from the Transaction Recovery Fund, the Board - ANSWERSMay pay court costs using the Fund A permit expires if work does not begin within - ANSWERS6 Months Modifications to a contract affecting cost, materials, work scope, or estimated completion date shall - ANSWERSbe in writing and signed by all parties What is the maximum fine for the beginning land-distrurbing activities without an approved erosion sediment control plan and permit when REQUIRED? - ANSWERS$1,000 per day

A claim against the Contractor Recovery Trust Fund shall be paid if due to - ANSWERSThe licensee's improper or dishonest conduct A code official may request the initiation of legal proceedings against a contractor served with a minimum of how many notices of violation within one calendar year for beginning work without a required permit? - ANSWERS A designated employee must be - ANSWERSa full time employee An individual qualifying for licensure (to be Q.I), in which a trade-related examination is required, MUST - ANSWERSwork for only on employer Initial licensure fees include a fee for the Contractor Transaction Recovery Fund of - ANSWERS$ A new building may be used for its intended purpose only after - ANSWERSAll certificates of occupancy have been issued Who may make a claim for a payment from the contractor transaction fund? - ANSWERSProperty owner who contracted the licensee Fees paid by the contractor to the Contractors Transaction Recovery Fund may be used for: - ANSWERSpayment to claimants a contractor transaction recovery fund should be paid if due to - ANSWERSThe 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? - ANSWERSResidential only. Who is designated to be in charge of a local building department? - ANSWERSBuilding 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? - ANSWERS45 Days How much is the Class A initial license fee? - ANSWERS$ When must the work be stopped following the issuance of a stop work order? - ANSWERSImmediately What is the primary purpose of licensing? - ANSWERSProtect the health and welfare of the general public.

All Class A contractor licensure applications MUST include - ANSWERSInformation on the knowledge, skills, and abilities of the applicant Which of the following is a requirement for a joint venture? - ANSWERSEither 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. - ANSWERS To obtain a Class B license the qualified individual shall have at least (. ) years experience - ANSWERS 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 - ANSWERS 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. - ANSWERS The Recovery fund shall. have a minimum balance of (. ) at all times - ANSWERS$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 - ANSWERS$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 - ANSWERSthe 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) 4 b) 2 c) 1 d) 3 - ANSWERS the minimum storage capacity of a sediment basin shall be (. ) cubic yards per acre of drainage area - ANSWERS

Each applicant shall be assessed (. ) which is to be placed in the Contractor Transaction Recovery Fund - ANSWERS$ Which of the following is permitted to receive awards from the Fund? - ANSWERSProperty owner A contract calls for the liquidated damages of $500 per day. The project completed five days late because it was delayed by rain. The completion would have been ten days earlier if it were not for the rain delay. There was a $500 bonus per day for the contractor for early completion. No extension of time was requested or granted. How much does the contractor earn or owe? - ANSWERSOwe $2, A partnership is required to - ANSWERSObtain a federal tax ID number A particular project requires special tools not ordinarily used by the business. For the estimate, the entire cost of these tools should be - ANSWERSIncluded in the equipment cost Construction business differs from the manufacturing in that - ANSWERSproduct 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. - ANSWERSB) has committed a material breach of the contract Which of the following is a requirement for a joint venture? - ANSWERSThe 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) - ANSWERSc) 16 hours (2 days) A method of reducing theft on the job is to - ANSWERScontrol material deliveries

d) supervisor salaries - ANSWERSd) 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. - ANSWERSall 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? - ANSWERSThe business can be sold at will What has been the approximate average profit margin in the construction industry in the past several years? - ANSWERS15% An advantage of keeping inventory levels as low as possible is - ANSWERSminimizing working capital needs The typical result of including a higher than usual markup for a profit in estimates is - ANSWERSfewer bids awarded Company overhead rates included in an estimate should be based on - ANSWERShistorical data and business projections Changes to the plans and specifications made before bids are due are called a) change orders b) alternates c) addenda d) submittals - ANSWERSc) addenda The general rule of law for interpreting an ambiguous provision of a contract is that it is a) interpreted against the party who wrote it b) not bidding c) interpreted against the owner d) interpreted against the contractor - ANSWERSa) interpreted against the party who wrote it Fast-track construction typically includes - ANSWERSmultiple prime contractors An offer should typically include all of the following EXCEPT the

a) Progress payment b) Completion date. c) Names of the subcontractors. d) List of services to be included - ANSWERSc) names of subcontractors 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 - ANSWERScompany insurance Which of the following usually contracts with a subcontractor? - ANSWERSPrime 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 - ANSWERSContractor The owner requests changes which will cost the contractor $2,500 in labor and materials and $700 in overhead costs. With the change, the contractor would be relieved of $1,000 in labor costs and $280 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... - ANSWERSb) $2,112 (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 - ANSWERSd) 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 - ANSWERSc) between $35,000 and $40,000 ($38,000)

All are involved in a common construction contract except: a) Fixed price b) Unit price c) Cost price d) Traditional price - ANSWERSd ) 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 - ANSWERSB) 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 - ANSWERSd) job cost records All of the following are components of project management EXCEPT a) scheduling b) quality c) bidding d) safety - ANSWERSc) bidding A contractor with general liability insurance coverage and no riders, with a $ deductible, deliberately does not follow code requirements on the project. The owner incurs a $1,000 loss when the installation fails. Who is responsible for the owner's loss? a) the contractor is fully responsible b) the owner is fully responsible c) the contractor and insurance company are responsible for $500 each d) the contractor and owner are responsible for $500 each - ANSWERSa) the contractor is fully responsible Weakness of Gantt or bar charts for scheduling is that they do not a) factor in material costs. b) factor is labor costs. c) show the dependency of activities on each other d) show the work done by subcontractors. - ANSWERSc) 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? - ANSWERS$37,

Who is responsible for providing safe working conditions for employees? - ANSWERSEmployer Superintendent daily job logs are useful for all EXCEPT a) settling disputes b) job scheduling c) safety issues d) quality of workmanship - ANSWERSd) quality of workmanship The REQUIRED quality for a project is typically described in the - ANSWERSSpecifications 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 - ANSWERSprovide The EPA lead pamphlet to an adult occupant Who is responsible for providing jobsite employees with address to material safety data sheets? - ANSWERSEmployer 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 - ANSWERSB) 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 - ANSWERSd) 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... - ANSWERScorrect hazard through certified Hazardous Material contractors The time a project component can be delayed without delaying completion of the overall project is known as a) free time b) control time c) critical path time d) float time - ANSWERSd) float time

c) subcontractor d) general contractor - ANSWERSd) general contractor At least how often must an employer report info on number of employees? (# of new hires in order to meet the Child Support Enforcement Act) - ANSWERSb) every week During the (. ) phase, you must learn the regulations that pertain to the project. a) pre-bid b) post-construction c) construction d) pre-construction - ANSWERSa) pre-bid a surety bond is typically a (. ) party bond. - ANSWERSthree in the event of a default by a contractor, the surety may do all but the following? a) pay out the amount of the bond b) cancel the project c) provide additional financing d) arrange for hiring a new contractor - ANSWERSb) cancel the project Of the following situations, which one would demonstrate that the worker is an employee? a) the worker has limited supervision b) the worker must have his or her own tools c) the worker is not required to be at the site at a given time period d) the worker has expectations the relationship will continue indefinitely - ANSWERSd) the worker has expectations the relationship will continue indefinitely The SDS provides two main purposes; one purpose is product information the other is ... - ANSWERSchemical The (. ) states that one cannot file suit against a public property. - ANSWERSMiller ACT (. ) laws secure the right of employees to decide if they wish to support or join a union. - ANSWERSRight to work All but which of the following is an advantage to equipment ownership? a) certain tax benefits b) usually costs are less c) obsolete equipment is returned to the owner d) depreciation - ANSWERSc) obsolete equipment is returned to the owner

If an employee is on jobsite and finds asbestos what should they immediately do first... - ANSWERSStop work immediately Unemployment insurance must be paid generally by.... - ANSWERSemployer Which of the following bonds guarantees that the contractor will complete the project? A) payment bond B) performance bond C) bid bind D) completion bond - ANSWERSB) performance bond Medical treatment does mean which of the following? a) first aid b) management and care of a patient c) conducting diagnostic procedures d) visits to a physician - ANSWERSb) management and care of a patient The following insurance provides coverage when damage has been caused by a flood - ANSWERSnamed-peril if one becomes ill because of chemical, what should the employee do first? - ANSWERSSeek SDS (. ) provides coverage for material in transit - ANSWERSmotor truck cargo insurance What is lead abatement? - ANSWERSPermanently eliminate lead hazards (at least 20 years) Under the Fair Labor Standards Act, a laborer is classified as - ANSWERSa nonexempt employee What is the MAXIMUM penalty for a willful violation of OSHA requirement? - ANSWERS$156, A contractor pays a workers compensation rate of $.10 per $100 of office employees payroll, $.20 per $100 of field supervisors payroll, and $.36 per $100 of field employees payroll. Total office employee payroll for the year is $25,000. Total field employee payroll is $125,000. What is the total workers compensation for the year is? - ANSWERSbetween $200 and $ A firm has current assets of $68,000, fixed assets of $162,000, current liabilities of $45,000, and long term liabilities of $72,000. The firm's financial position would be considered to be... A) adequate for taking on a major project

d) Internal Revenue Service Circular E. - ANSWERSd) Internal Revenue Service Circular E. The Americans with Disabilities ACT (ADA) covers individuals with - ANSWERSAIDS Which of the following is an acceptable single document verification for the I-9 form? - ANSWERSUSA Passport The contractor's property insurance covers damage to - ANSWERSonly contractors property At LEAST how often must federal payroll tax deposits be made by an employer whose accumulated liability is $5K quarterly? - ANSWERSMonthly Revenues less costs of construction equals a) income from operations b) net income c) gross profit d) income before taxes - ANSWERSc) gross profit A method that offers some protection from risk of liability is a) verifying subcontractors' insurance coverage b) having employees sign a "Hold Harmless" agreement c) using joint ventures d) having the owner obtain workers' compensation insurance - ANSWERSa) verifying subcontractors' insurance coverage IRS Form 941 is used for reporting a) Federal unemployment taxes paid and due. b) quarterly Federal tax deposits paid and due c) alien workers d) company income - ANSWERSb) quarterly Federal tax deposits paid and due An advantage of keeping inventory levels as low as possible is. - ANSWERSMinimizing working capital needs Which accounting method records income only when the income is received? - ANSWERSCASH BASIS All of the following methods can be used to remit Federal payroll taxes except. a) making payroll tax payment online b) including payment with a timely filed quarterly report form

c) including payment with a timely filed company Federal income tax return d) making electronic payments - ANSWERSc) including payment with a timely filed company Federal income tax return What is the minimum annual vacation hours required by the Fair Labor Standard Act? - ANSWERS0 HRS What percent of an employee's wages is withheld for Medicare tax? - ANSWERS1.45% What is the penalty for filing Form 941 ten days late where there is unpaid tax of $ due on Form 941? - ANSWERS5% The percentage of completion method of accounting - ANSWERSrelies on accurate estimates A company's workforce consisting of employees who are NOT members of a union a) refuses employment to a union member. b) refuses to permit a union's solicitation of employee's during work hours. c) enter into an agreement that requires employees to join a union. d) terminates any employee who joins a union - ANSWERSb) refuses to permit a union's solicitation of employee's during work hours. What percentage of an employee's wages is withheld for social security tax? - ANSWERS6.20% An employer who repeatedly violates the overtime provisions of the Fair Labor Standard Act is subject to a maximum fine of... - ANSWERS$1,100 per violation Debt to Equity Ratio - ANSWERSTotal Debt/Total Equity Equity - ANSWERSAssets - Liabilities Assets - ANSWERS= Liability + equity How many days from the last day of the month that labor and materials are finished must a memorandum be filed? - ANSWERS90 days What is the Virginia corporate income tax rate before modifications, credit, or adjustables? - ANSWERS6.0% Quick Ratio (Acid Test) - ANSWERS(Current Assets - Inventory) / Current Liabilities Return on Total Assets Ratio - ANSWERSNet Income/Total Assets Calculating maximum bond of single product... - ANSWERSWorking capital X 10