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VA Contractors PACKAGE DEAL 2024 ,2025
VA Contractors PACKAGE DEAL 2024 ,2025
[Show more]VA Contractors PACKAGE DEAL 2024 ,2025
[Show more]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 f...
Preview 1 out of 4 pages
Add to cartA 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 f...
Which of the following estimating methods is typically used by the architect rather than the contractor? - 
Answer-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... ...
Preview 2 out of 5 pages
Add to cartWhich of the following estimating methods is typically used by the architect rather than the contractor? - 
Answer-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... ...
All Class A contractor licensure applications MUST include... - Answer-Information on the knowledge, 
skills, and abilities of the applicant 
Which of the following is a requirement for a joint venture? - Answer-Either the joint venture or each 
contracting party of the joint venture must be license...
Preview 1 out of 3 pages
Add to cartAll Class A contractor licensure applications MUST include... - Answer-Information on the knowledge, 
skills, and abilities of the applicant 
Which of the following is a requirement for a joint venture? - Answer-Either the joint venture or each 
contracting party of the joint venture must be license...
What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of 
license? - Answer-$500 fine. 
Which of the following is a requirement for a joint venture? - Answer-Either the joint venture or each 
contracting party of the joint venture must be licensed. 
The applicatio...
Preview 1 out of 3 pages
Add to cartWhat is the MAXIMUM penalty for a contractor who undertakes work without the proper class of 
license? - Answer-$500 fine. 
Which of the following is a requirement for a joint venture? - Answer-Either the joint venture or each 
contracting party of the joint venture must be licensed. 
The applicatio...
A contractor does not notify a change of address and so does not receive a timely Notice of Renewal. 
Who is responsible for when the contractor does not renew his license on time? - Answer-The Licensee 
Contractor 
A Designated Employee should be? - Answer-At least 18, Full Time, Passed Required Ex...
Preview 2 out of 6 pages
Add to cartA contractor does not notify a change of address and so does not receive a timely Notice of Renewal. 
Who is responsible for when the contractor does not renew his license on time? - Answer-The Licensee 
Contractor 
A Designated Employee should be? - Answer-At least 18, Full Time, Passed Required Ex...
What is the minimum distance from exposed ground for a wood framing member that is in contact 
with?? - Answer-24 inches 
What is the maximum allowed slope for the top surface of a footing? - Answer-None 
Where should a drip edge be used? - Answer-Beneath the underlayment 
What is the minimum height...
Preview 2 out of 12 pages
Add to cartWhat is the minimum distance from exposed ground for a wood framing member that is in contact 
with?? - Answer-24 inches 
What is the maximum allowed slope for the top surface of a footing? - Answer-None 
Where should a drip edge be used? - Answer-Beneath the underlayment 
What is the minimum height...
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