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Virginia Contractor-s Exam questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating
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Virginia Contractor-s Exam questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

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  • August 5, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • virginia contractor s exam

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  • Commercial Construction
  • Commercial Construction

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Virginia Contractor's Exam
$15,000 - ANS-A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM
net worth of

$360 - ANS-How much is the Class A initial license fee not including the Recovery Fund fee?

$400,000. - ANS-Contractors will be assessed a fee for the Transaction Recovery Fund
whenever the fund balance is less than

$500 fine per day for each day of violation plus penalties for a misdemeanor. - ANS-What is the
MAXIMUM penalty for a contractor who undertakes work without the proper class of license?

1099 - ANS-Compensation paid to independent contractors is reported on Form

12 months. - ANS-A verified claim for payment from the Transaction Recovery Fund MUST
occur within a MAXIMUM of what period of time from the date the claimant was awarded a final
judgment?

30 days. - ANS-A licensee's name change MUST be reported to the Board within a MAXIMUM
of how many days?

30 days. - ANS-An appeal of a final decision of a county on an erosion control plan MUST be
filed within a MAXIMUM of how many days?

30 days. - ANS-Temporary erosion and sediment control measures MUST be removed within a
MAXIMUM of how many days after the final site stabilization?

30 hours. - ANS-According to the Board Rules and Regulations, a full-time employee is one who
works a MINIMUM of how many hours per week?

30 years. - ANS-Medical records of work-related injuries to long-term employees MUST be kept
for a MINIMUM of what duration after the employee leaves employment?

30 years. - ANS-Records of an employee's exposure to hazardous materials MUST be kept a
MINIMUM of how many years?

4 years - ANS-Time card records MUST be kept a MINIMUM of

45 days. - ANS-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?

, 5 - ANS-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?

500 - ANS-Approximately how many materials are currently on the EPA hazardous materials
list?

90 days. - ANS-An appeal of the local building official's decision to refuse to grant a modification
to the USBC MUST be made to the local building board within a MAXIMUM of how many days?

A job cost system. - ANS-What can be used to collect information on labor, materials,
equipment, and overhead costs used during the performance of a job?

a material supplier who advises a contractor. - ANS-All of the following must be licensed
EXCEPT

All employers with at least 1 employee - ANS-Who MUST follow the Fair Labor Standards Act?

An accident at the job site that damages the neighbor's house. - ANS-What does a
comprehensive general liability insurance policy protect a company against?

Any full-time employee - ANS-According to the Board Rules and Regulations, which of the
following could be a qualified individual?

Assets, liabilities, and owner's equity - ANS-What is included in a company's balance sheet?

assume ideal conditions. - ANS-A contractor should do all of the following when estimating a
project EXCEPT

attorneys' fees. - ANS-Payments made by the Transaction Recovery Fund to claimants may
include an amount for

Both overestimating and underestimating costs could have disastrous consequences. -
ANS-Which of the following is a TRUE statement about estimating?

Building official. - ANS-Who is to be in charge of a local building department?

calculating the number of hours or days it is needed - ANS-Equipment needs for a project are
BEST estimated by

Cleaning supplies. - ANS-What type of material at a construction site may be considered
hazardous waste?

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