VA Contractors License Test with 100%
Correct Answers
The maximum claim of a claimant against Fund based upon any unpaid judgment
arising out of the improper of dishonest conduct involving one transaction shall bot
exceed?
A) $15,000
B) $20,000
C) $40,000
D) $10,000 - ✅✅ $20,000
In the event that a regulant's license has been revoked due to dishonesty, the
regulant shall not be eligible to apply for a license until (. ) has been submitted to
the Fund - ✅✅ the full amount paid from the Board plus interest
A license shall expire ( ) years from the last day of the month in which it was
issued.
A) 4
B) 2
C) 1
D) 3 - ✅✅ 2
The minimum storage capacity of a sediment basin shall be (. ) cubic yards per
acre of drainage area - ✅✅ 134
,Each applicant shall be assessed (. ) which is to be placed in the Contractor
Transaction Recovery Fund - ✅✅ $25
Which of the following is permitted to receive awards from the Fund? - ✅✅
Property owner
A contract calls for the liquidated damages of $500 per day. The project completed
five days late because it was delayed by rain. The completion would have been ten
days earlier if it were not for the rain delay. There was a $500 bonus per day for
the contractor for early completion. No extension of time was requested or granted.
How much does the contractor earn or owe? - ✅✅ Owe $2,500
A partnership is required to - ✅✅ Obtain a federal tax ID number
A particular project requires special tools not ordinarily used by the business. For
the estimate, the entire cost of these tools should be - ✅✅ Included in the
equipment cost
Construction business differs from the manufacturing in that - ✅✅ product price
is determined before actual cost is determined
An owner makes a progress payment to the contractor one day later than originally
called for by the contract. The contractor decides to abandon the job without
completing it. The contractor probably
A) Is legally justified
B) Has committed a material breach of the contract.
C) Should have obtained a lien against the property
D) Should have requested change order. - ✅✅ B
,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? - ✅✅ The Licensee Contractor
A Designated Employee should be? - ✅✅ At least 18, Full Time, Passed
Required Exams
What is the initial Recovery Fund fee? - ✅✅ $25
If a contractor earns more than $_______ per year, then the contractor is required
to have a Class A. - ✅✅ $750,000
If a contract awards more than $_________ per payment, the contractor is required
to have a Class A. - ✅✅ $120,000
An Erosion control conservation plan needs to be approved within ____ days. -
✅✅ 60 Days
Where do you go to file an appeal of a violation to the USBC provisions? - ✅✅
to The LBBCA
Local
Board of
Building
Code
Appeals
A contractor is required to submit a renewal within____ days of the expiration
date? - ✅✅ 30
, Who can file a complaint against a contractor? (Under the recovery fund) - ✅✅
Residential Property Owner
What is required when changing the form of entity from a sole proprietorship to a
corporation - ✅✅ A new license
What is the maximum fund allowed for a single contractor? (per biennium) - ✅✅
$40,000
To whom should a stop work order be given? - ✅✅ owner, owner's agent or the
person doing the work
Within how many days should be submitted an appeal for construction? - ✅✅ 30
Days
An appeal of the local building officials’ decision to refuse to grant a modification
to the USBC MUST be made within how many days? - ✅✅ 30 Days
Documents related to a contract should be kept for ______ years? - ✅✅ 5
Where should one set of all approved building documents be kept? - ✅✅ At the
building site
An erosion control conservation specification needs to be approved within_____
days - ✅✅ 45 days
Correct Answers
The maximum claim of a claimant against Fund based upon any unpaid judgment
arising out of the improper of dishonest conduct involving one transaction shall bot
exceed?
A) $15,000
B) $20,000
C) $40,000
D) $10,000 - ✅✅ $20,000
In the event that a regulant's license has been revoked due to dishonesty, the
regulant shall not be eligible to apply for a license until (. ) has been submitted to
the Fund - ✅✅ the full amount paid from the Board plus interest
A license shall expire ( ) years from the last day of the month in which it was
issued.
A) 4
B) 2
C) 1
D) 3 - ✅✅ 2
The minimum storage capacity of a sediment basin shall be (. ) cubic yards per
acre of drainage area - ✅✅ 134
,Each applicant shall be assessed (. ) which is to be placed in the Contractor
Transaction Recovery Fund - ✅✅ $25
Which of the following is permitted to receive awards from the Fund? - ✅✅
Property owner
A contract calls for the liquidated damages of $500 per day. The project completed
five days late because it was delayed by rain. The completion would have been ten
days earlier if it were not for the rain delay. There was a $500 bonus per day for
the contractor for early completion. No extension of time was requested or granted.
How much does the contractor earn or owe? - ✅✅ Owe $2,500
A partnership is required to - ✅✅ Obtain a federal tax ID number
A particular project requires special tools not ordinarily used by the business. For
the estimate, the entire cost of these tools should be - ✅✅ Included in the
equipment cost
Construction business differs from the manufacturing in that - ✅✅ product price
is determined before actual cost is determined
An owner makes a progress payment to the contractor one day later than originally
called for by the contract. The contractor decides to abandon the job without
completing it. The contractor probably
A) Is legally justified
B) Has committed a material breach of the contract.
C) Should have obtained a lien against the property
D) Should have requested change order. - ✅✅ B
,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? - ✅✅ The Licensee Contractor
A Designated Employee should be? - ✅✅ At least 18, Full Time, Passed
Required Exams
What is the initial Recovery Fund fee? - ✅✅ $25
If a contractor earns more than $_______ per year, then the contractor is required
to have a Class A. - ✅✅ $750,000
If a contract awards more than $_________ per payment, the contractor is required
to have a Class A. - ✅✅ $120,000
An Erosion control conservation plan needs to be approved within ____ days. -
✅✅ 60 Days
Where do you go to file an appeal of a violation to the USBC provisions? - ✅✅
to The LBBCA
Local
Board of
Building
Code
Appeals
A contractor is required to submit a renewal within____ days of the expiration
date? - ✅✅ 30
, Who can file a complaint against a contractor? (Under the recovery fund) - ✅✅
Residential Property Owner
What is required when changing the form of entity from a sole proprietorship to a
corporation - ✅✅ A new license
What is the maximum fund allowed for a single contractor? (per biennium) - ✅✅
$40,000
To whom should a stop work order be given? - ✅✅ owner, owner's agent or the
person doing the work
Within how many days should be submitted an appeal for construction? - ✅✅ 30
Days
An appeal of the local building officials’ decision to refuse to grant a modification
to the USBC MUST be made within how many days? - ✅✅ 30 Days
Documents related to a contract should be kept for ______ years? - ✅✅ 5
Where should one set of all approved building documents be kept? - ✅✅ At the
building site
An erosion control conservation specification needs to be approved within_____
days - ✅✅ 45 days
