Exam (elaborations)
Naslca Virginia Exam – Questions With A+ Solutions
- Course
- Institution
Naslca Virginia Exam – Questions With A+ Solutions
[Show more]
Content preview
Naslca Virginia Exam – Questions With A+ Solutions What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? Right Ans - $500 fine per day for each day of violation plus penalties for a misdemeanor.All Class A contractor licensure applications MUST include Right Ans - information on the knowledge, skills, and abilities of the applicant.
What is the PRIMARY purpose of licensing? Right Ans - Protect the health and welfare of the public.
When a claimant is paid funds from the Contractors Recovery Trust Fund Right Ans - the contractor's license is revoked. !!!
The application for licensure MUST include Right Ans - the business address of the proposed designated employee.
Which of the following is a requirement for a joint venture? Right Ans - Either the joint venture or each contracting party of the joint venture must be licensed.
All of the following must be licensed EXCEPT Right Ans - a material supplier who advises a contractor.
How much is the Class A initial license fee? Right Ans - $200
A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? Right Ans - 30 days
According to the Board Rules and Regulations, a full-time employee is one who works a MINIMUM of how many hours per week? Right Ans - 30 hours.
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of Right Ans - $15,000.
According to the Board Rules and Regulations, which of the following could be
a qualified individual? Right Ans - Any full-time employee. 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? Right Ans - 90 days.
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? Right Ans - 5
Additions to buildings MUST comply with Right Ans - the current code for new construction.
When MUST the work be stopped following the issuance of a stop work order?
Right Ans - Immediately
Who is to be in charge of a local building department? Right Ans - 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? Right Ans - 45 days
Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance is less than Right Ans - $400,000.
Payments made by the Transaction Recovery Fund to claimants may include an amount for Right Ans - attorneys' fees.
A contract for which of the following types of structures may be subject to recovery from the Transaction Recovery Fund? Right Ans - 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? Right Ans - 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? Right Ans - 30 days. Temporary erosion and sediment control measures MUST be removed within a MAXIMUM of how many days after the final site stabilization? Right Ans - 30 days.
Which of the following statements about a sole proprietorship is TRUE? Right Ans - 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? Right Ans - Partnership.
Which of the following estimating methods is typically used by the architect rather than the contractor? Right Ans - Conceptual estimate.
Equipment needs for a project are BEST estimated by Right Ans - 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? Right Ans - Labor burden.
A reason for using a lower than usual profit markup for a specific project could be to Right Ans - cover company overhead costs.
Which of the following is a TRUE statement about estimating? Right Ans - Both overestimating and underestimating costs could have disastrous consequences.
A contractor should do all of the following when estimating a project EXCEPT Right Ans - assume ideal conditions
What MUST be included in an estimate for a job? Right Ans - Materials, labor, equipment, and overhead costs.
Costs that relate to construction activity but are NOT easily identifiable for a specific project are considered Right Ans - project overhead.
All of the following are considered general conditions that could affect costs directly associated with a specific project EXCEPT Right Ans - profit margin
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Studyhall. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
74735 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now