Questions and Answers 100% PASS
Class A contractor—ANSWER--Perform or manage construction or improvements with
single contract price of 120,000 or more or 750,000+ annually
Class B Contractor—ANSWER--Perform or manage construction with total value being
between 10,000 but less than 120,000 and between 150,000-750,000 annually
Class C Contractor—ANSWER--Perform or manage construction with total value being
over 1,000 but less than 10,000 and less 150,000
Designated employee—ANSWER--Contractors full time employee or a member of
responsible management, at least 18 and has completed the oral or written
examination required by the board
Contractor—ANSWER--Any person that for a fixed price, commission, fee, or
percentage undertakes a bid upon, accepts, offers to accept, etc, construction,
removal or repair of a structure.
Department—ANSWER--Director of the DPOR
DPOR—ANSWER--Department of Professional and Occupational Regulation
Fire sprinkler contractor—ANSWER--Contractor that provides for the installation, repair,
alteration, addition, testing, maintenance etc of of fire suppression sprinkler system
, Owner-developer—ANSWER--Any person who for a 3rd party purchaser, orders and
supervises construction , repairs etc of any building
person—ANSWER--Any individual, partnership, firm,
corporation, association, government or governmental subdivision or agency or other
legal entity
value—ANSWER--Fair market value, the contract price shall be prima facile evidence of
value
Prior to a joint venture engaging in, or offering to engage in, contracting work with the
commonwealth, each contracting party shall be what?—ANSWER--Licensed under the
provision of this chapter m
When the contracting work is for the purpose of landscape irrigation or the construction
of a water well the contractor shall be what?—ANSWER--Licensed regardless of the
contract amount as either A/B/C
Unless the context requires a different meaning what does ACT mean?—ANSWER--
Virginia contractor transaction recovery act
The two year period beginning on July 1 of an even numbered year and continuing
through June 30 of the next even numbered year—ANSWER--Biennium
"Fund" relates to which recovery fund?—ANSWER--Virginia Contractor Transaction
Recovery Fund
What is the minimum balance of the Contractor transaction recovery fund?—ANSWER--
$400,000
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