Page 1 of 18
VA General class A and B contractors license exam 2026-
2027 COMPLETE QUESTIONS AND VERIFIED SOLUTIONS
LATEST UPDATE THIS YEAR
QUESTION: An important factor in ensuring a schedule is followed is to - ANSWER-Make sure
the superintendent agrees with it
QUESTION: All of the following are examples of GOOD scheduling EXCEPT - ANSWER-Reduced
training cost
QUESTION: What should be added to wage rates to ensure accuracy in estimating labor for a
project - ANSWER-Labor burden
QUESTION: All of the following are considered general conditions that could affect costs directly
associated with a specific project EXCEPT - ANSWER-Profit margins
QUESTION: Records of employees exposure to hazardous materials MUST be kept a MINIMUM
of how many years - ANSWER-30 years
,Page 2 of 18
QUESTION: A reason for using a lower than usual profit markup for a specific project could be
to - ANSWER-Cover company overhead costs
QUESTION: An advantage of a Critical Path Method (CPM) schedule is to - ANSWER-Identifies
activities that must be completed before other activities can occur
QUESTION: An employee can request to receive advance earned income credit on Form -
ANSWER-W-5
QUESTION: The two basic laws of construction estimating are - ANSWER-Low estimates
decrease profits and high estimates decrease volume
QUESTION: Medical records of work related injuries to long term employees MUST be kept a
MINIMUM of what duration after the employee leaves - ANSWER-30 years
QUESTION: What type of business organization allows people to share financial resources -
ANSWER-Partnership
, Page 3 of 18
QUESTION: A contractor should do all of the following when estimating a project EXCEPT -
ANSWER-Assume ideal conditions
QUESTION: Costs that relate to construction activity but are NOT easily identifiable for a specific
project are considered - ANSWER-Project overhead
Q; Compensation paid to independent contractors is reported on form - ANSWER-1099
QUESTION: The three PRIMARY elements of a contract are - ANSWER-offer, acceptance,
consideration
QUESTION: Equipment needs for a project are BEST estimated by - ANSWER-calculating the
number of hours or days it is needed
QUESTION: What type of insurance is needed in a partnership to insure the business does NOT
go out of business if one partner does - ANSWER-Key man
VA General class A and B contractors license exam 2026-
2027 COMPLETE QUESTIONS AND VERIFIED SOLUTIONS
LATEST UPDATE THIS YEAR
QUESTION: An important factor in ensuring a schedule is followed is to - ANSWER-Make sure
the superintendent agrees with it
QUESTION: All of the following are examples of GOOD scheduling EXCEPT - ANSWER-Reduced
training cost
QUESTION: What should be added to wage rates to ensure accuracy in estimating labor for a
project - ANSWER-Labor burden
QUESTION: All of the following are considered general conditions that could affect costs directly
associated with a specific project EXCEPT - ANSWER-Profit margins
QUESTION: Records of employees exposure to hazardous materials MUST be kept a MINIMUM
of how many years - ANSWER-30 years
,Page 2 of 18
QUESTION: A reason for using a lower than usual profit markup for a specific project could be
to - ANSWER-Cover company overhead costs
QUESTION: An advantage of a Critical Path Method (CPM) schedule is to - ANSWER-Identifies
activities that must be completed before other activities can occur
QUESTION: An employee can request to receive advance earned income credit on Form -
ANSWER-W-5
QUESTION: The two basic laws of construction estimating are - ANSWER-Low estimates
decrease profits and high estimates decrease volume
QUESTION: Medical records of work related injuries to long term employees MUST be kept a
MINIMUM of what duration after the employee leaves - ANSWER-30 years
QUESTION: What type of business organization allows people to share financial resources -
ANSWER-Partnership
, Page 3 of 18
QUESTION: A contractor should do all of the following when estimating a project EXCEPT -
ANSWER-Assume ideal conditions
QUESTION: Costs that relate to construction activity but are NOT easily identifiable for a specific
project are considered - ANSWER-Project overhead
Q; Compensation paid to independent contractors is reported on form - ANSWER-1099
QUESTION: The three PRIMARY elements of a contract are - ANSWER-offer, acceptance,
consideration
QUESTION: Equipment needs for a project are BEST estimated by - ANSWER-calculating the
number of hours or days it is needed
QUESTION: What type of insurance is needed in a partnership to insure the business does NOT
go out of business if one partner does - ANSWER-Key man
