Naslca Virginia Contractor’s Licensing Exam || Questions & Answers (Graded A+)
Naslca Virginia Contractor’s Licensing Exam || Questions & Answers (Graded A+)
Who is to be in charge of a local building department? - ANSWER - Building official.
Contractors who are assessed a fee to support...
, Naslca Virginia Contractor’s Licensing
Exam || Questions & Answers (Graded A+)
Who is 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
Contractors will be assessed a fee for the Transaction Recovery Fund whenever the
fund balance is less than - ANSWER - $400,000.
Payments made by the Transaction Recovery Fund to claimants may include an
amount for - ANSWER - attorneys' fees.
A contract for which of the following types of structures may be subject to recovery
from the Transaction Recovery Fund? - ANSWER - Residential only.
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? - ANSWER - 12 months.
An appeal of a final decision of a county on an erosion control plan MUST be filed
within a MAXIMUM of how many days? - ANSWER - 30 days.
Temporary erosion and sediment control measures MUST be removed within a
MAXIMUM of how many days after the final site stabilization? - ANSWER - 30 days.
Which of the following statements about a sole proprietorship is TRUE? - ANSWER -
The business, or any part of it, can be sold, altered, or exchanged at will.
What type of business organization allows people to share financial resources? -
ANSWER - Partnership.
Which of the following estimating methods is typically used by the architect rather
than the contractor? - ANSWER - Conceptual estimate.
Equipment needs for a project are BEST estimated by - ANSWER - calculating the
number of hours or days it is needed.
What should be added to wage rates to ensure accuracy in estimating labor for a
project? - ANSWER - Labor burden.
A reason for using a lower than usual profit markup for a specific project could be to -
ANSWER - cover company overhead costs.
Which of the following is a TRUE statement about estimating? - ANSWER - Both
overestimating and underestimating costs could have disastrous consequences.
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