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Virginia Contractors Study Guide 2026 A – 30+ Advanced Math & Accounting Calculations: Questions and 100% Verified Answers| Graded A+ | Guaranteed Pass!!

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Struggling with the Virginia contractor exam MATH section? This guide solves 30+ real calculation problems step-by-step! Liquidated damages ($500/day) — rain delayed 5 days, no extension requested? Contractor owes $2,500 (bonus does NOT apply without extension). Unit price contract: 27 units @ $50 + 56 @ $50 + 78 @ $375 = add 30% O&P → $40k–$45k payout. Workers' comp: $0.10/$100 office + $0.20/$100 field payroll → $200–$400 premium. Accrual basis net income: bill $10k, expenses $8k → $2,000 (not cash received!). Working capital: CA $80k - CL $30k = $50k. Debt to equity: ($30k + $86k) / ($80k + $112k - $116k) = 1.53. Quick ratio: ($80k - $12k inventory) / $30k = 2.27. ROI: $57k / ($80k + $112k) = 29.7%. Profit markup: $165k cost ÷ (100% - 11.5%) = $186,440 bid. Lump sum retainage: $200k contract × 10% hold, 90% progress paid → final payment $35k–$40k. FLSA: 30 hrs week 1 + 50 hrs week 2 @ $12/hr = $1,000–$1,050. Buy vs. rent equipment over 3 years: purchase saves $3,160. Change order: net additional cost $1,920 × 1.10 profit = $2,112. Combined P&O 30%: materials total $13,750 × 1.30 ÷ 0.93? = $19,214 bid. VA corporate tax 6%. Recovery fund $25 initial, $40k max. USBC appeals to BBCA. Guaranteed pass — master the math!

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Institution
VA DPOR
Course
VA DPOR

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VIRGINIA CONTRACTORS STUDY GUIDE 2026
A&B LICENSE | QUESTIONS AND 100% VERIFIED
ANSWERS | GRADED A+ | GUARANTEED PASS!!

A contractor does not notify a change of address and so does not receive a timely
Notice of Renewal. Who is responsible when the contractor does not renew his
license on time?

a. USBC
b. OSHA
c. The licensee Contractor
d. DPOR
- answer-c. The licensee Contractor

A contractor is required to submit a renewal within ___ days of the expiration
date?

a. 20
b. 30
c. 50
d. 180
- answer-b. 30

A designated employee should be?

a. a full time worker
b. at least 18 years old, full time employee, has passed required examination
c. at least 18 years old and 5 years experienced for class A
d. the owner
- answer-b. at least 18 years old, full time employee, has passed required
examination

An erosion control conservation plan needs to be approved within ____ days.

a. 18 days
b. 60 days
c. 29 days

, d. 45 days
- answer-d. 45 days

If a contract awards more than $_________ per payment, the contractor is required
to have a Class A.

a. 120,000
b. 7,500
c. 750,000
d. 150,000
- answer-a. 120,000

If a contractor earns more than $______ per year, than the contractor is required a
Class A license.

a. 120,000
b. 7,500
c. 750,000
d. 150,000
- answer-c. 750,000
A company has 10,000$ in current assets, 100,000 of long term assets, 50,000 of
current liabilities, and 40,000 of long term liabilities. The maximum bond of single
product for this company would typically be limited to

a. 10,000
b. 50,000
c. 100,000
d. 500,000
- answer-d. 500,000

A contract calls for liquidated damage of 500$ per day. The project completed five
days late because it was delayed by rain. The completion would have been 10 days
earlier if it were not for the rain delay. There was a 500$ bonus per day for the
contractor early completion. No extension of time was requested or granted. How
much does the contractor earn or owe?

a. owes 2,500 in liquidated damage
b. owes 500 in liquidated damage
c. is due a 2,500 bonus from the owner

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