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
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
