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Naslca Virginia Contractor’s Licensing Exam || Questions & Answers (Graded A+) CA$16.67   Add to cart
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Naslca Virginia Contractor’s Licensing Exam || Questions & Answers (Graded A+)
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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...

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  • September 6, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • naslca virginia contractors licensing exam questi
  • what is the primary purpose of licensing
  • how much is the class a initial license fee
  • when a claimant is paid funds from the contractors

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  • Virginia HIC
  • Virginia HIC

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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 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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