VA Contractors: General (Class A or B) Exam
Questions & Answers | Latest Update 2026/2027 |
Graded A+ (Verified)
Which of the following estimating methods is typically used by
the architect rather than the contractor? - ✔✔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... - ✔✔cost plus contract
Equipment needs for a project are BEST estimated by... -
✔✔Calculating the number of hours or days it is needed
What type of insurance is needed for a partnership to insure
that the business does NOT go out of business if one partner
dies? - ✔✔Key man
What protects a contractor from risk? - ✔✔Insurance
, An ADVANTAGE of a Critical Path Method (CPM) schedule is it...
- ✔✔Identifies activities that MUST be completed before other
activities can occur
What may be covered by an allowance in a contract? - ✔✔Light
fixture costs
Which of the following is considered ethical behavior? -
✔✔Failing to disclose one subcontractor's bid to another
Compensation paid to independent contractors is reported on
Form... - ✔✔1099
An owner hires a construction manager for a project. Which of
the following is TRUE with regard to subcontractors? - ✔✔The
subcontractors are prime contractors
The BEST business practice for special-ordered materials is to... -
✔✔put the order requirements in writing
A contract refers to an insurance agreement that the contractor
is REQUIRED to have. This is considered... - ✔✔Part of the
contract
Records of an employee's exposure to hazardous materials
MUST be kept a MINIMUM of how many years? - ✔✔30 years
Questions & Answers | Latest Update 2026/2027 |
Graded A+ (Verified)
Which of the following estimating methods is typically used by
the architect rather than the contractor? - ✔✔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... - ✔✔cost plus contract
Equipment needs for a project are BEST estimated by... -
✔✔Calculating the number of hours or days it is needed
What type of insurance is needed for a partnership to insure
that the business does NOT go out of business if one partner
dies? - ✔✔Key man
What protects a contractor from risk? - ✔✔Insurance
, An ADVANTAGE of a Critical Path Method (CPM) schedule is it...
- ✔✔Identifies activities that MUST be completed before other
activities can occur
What may be covered by an allowance in a contract? - ✔✔Light
fixture costs
Which of the following is considered ethical behavior? -
✔✔Failing to disclose one subcontractor's bid to another
Compensation paid to independent contractors is reported on
Form... - ✔✔1099
An owner hires a construction manager for a project. Which of
the following is TRUE with regard to subcontractors? - ✔✔The
subcontractors are prime contractors
The BEST business practice for special-ordered materials is to... -
✔✔put the order requirements in writing
A contract refers to an insurance agreement that the contractor
is REQUIRED to have. This is considered... - ✔✔Part of the
contract
Records of an employee's exposure to hazardous materials
MUST be kept a MINIMUM of how many years? - ✔✔30 years
