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VA Contractors: General (Class A or B) Questions With Complete Solutions
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VA Contractors: General (Class A or B) Questions With Complete Solutions
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VA Contractors: General (Class A or B) Questions WithComplete Solutions
Which of the following estimating methods is typically used by
the architect rather than the contractor? Correct Answers
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Conceptual estimate
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An agreement that calls for a contractor to be paid actual costs
for labor and materials plus a fixed fee for the contractor's
overhead and profit is called a... Correct Answers cost plus
hh hh
contract
Equipment needs for a project are BEST estimated by... Correct
hh
Answers Calculating the number of hours or days it is needed
hh
What type of insurance is needed for a partnership to insure that
the business does NOT go out of business if one partner dies?
Correct Answers Key man
hh hh
An owner hires a construction manager for a project. Which of
the following is TRUE with regard to subcontractors? Correct
hh
Answers The subcontractors are prime contractors
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What protects a contractor from risk? Correct Answers
hh
Insurance
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An ADVANTAGE of a Critical Path Method (CPM) schedule is
it... Correct Answers Identifies activities that MUST be
hh hh
completed before other activities can occur
, What may be covered by an allowance in a contract? Correct hh
Answers Light fixture costs
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Which of the following is considered ethical behavior? Correct hh
Answers Failing to disclose one subcontractor's bid to another
hh
Compensation paid to independent contractors is reported on
Form... Correct Answers 1099
hh hh
The BEST business practice for special-ordered materials is to...
Correct Answers put the order requirements in writing
hh hh
A contract refers to an insurance agreement that the contractor is
REQUIRED to have. This is considered... Correct Answers Part
hh hh
of the contract
Records of an employee's exposure to hazardous materials
MUST be kept a MINIMUM of how many years? Correct hh
Answers 30 years
hh
AT LEAST how often should employees watch for possible
hazards at the job site? Correct Answers constantly
hh hh
An employee can request to receive advance earned income
credit on Form... Correct Answers W-5
hh hh
A contractor uses funds paid by a project owner to purchase
materials to start a different project. The laborers for the original
project do NOT get paid by the contractor. Under the lien law,
this is considered... Correct Answers Intent to defraud by the
hh hh
contractor
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