Va contractor - Study guides, Class notes & Summaries

VA Contractors Advanced (Class A) Exam Graded A+

Which of the following estimating methods is typically used by the architect rather than the contractor? - Conceptual estimate 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... - cost plus contract Equipment needs for a project are BEST estimated by... - Calculating the number of hours or days it is needed What type of insurance is needed for a partnership to insure that the busi...

A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the new completed project. The final payment amount should be for... CORRECT ANSWER More than $50,000 What is the total value of current assets for an accrual basis company that has the following? Checking account cash balance is $4,800; materials inventory for ...

A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the new completed project. The final payment amount should be for... - More than $50,000 What is the total value of current assets for an accrual basis company that has the following? Checking account cash balance is $4,800; materials inventory for work-in-pro...

VA CONTRACTORS LICENSE EXAM 2024 WITH 100% CORRECT ANSWERS What is the minimum distance from exposed ground for a wood framing member that is in contact with?? - correct answer 24 inches What is the maximum allowed slope for the top surface of a footing? - correct answer None Where should a drip edge be used? - correct answer Beneath the underlayment What is the minimum height for guard rails for balcony? - correct answer 36 inches What test is performed to determine the drainage ...

VA Contractors: VA Advanced (Class A) Exam Questions and Answers A lump sum contract on a project has a total contract price of $160,000. Retainage has been held back at 10%. The contractor has received progress payments for 75% of the project. The contractor submits a request for final payment for the new completed project. The final payment amount should be for... - ANS ️️ More than $50,000 What is the total value of current assets for an accrual basis company that has the followin...

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - $500 fine per day for each day of violation plus penalties for a misdemeanor. What is the PRIMARY purpose of licensing? - Protect the health and welfare of the public. The application for licensure MUST include - the business address of the proposed designated employee. All of the following must be licensed EXCEPT - a material supplier who advises a contractor. When a claimant is paid fu...

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