VA (VA
Contractors: General
Contractors (Class
General AA
(Class oror
B)B): 2026 Test Preparation)
Study online at https://quizlet.com/_8dmoju
1. Which of the following estimating methods is typi- Conceptual estimate
cally used by the architect rather than the contrac-
tor?
2. An agreement that calls for a contractor to be paid cost plus contract
actual costs for labor and materials plus a fixed fee
for the contractor's overhead and profit is called a...
3. Equipment needs for a project are BEST estimated Calculating the number of
by... hours or days it is needed
4. What type of insurance is needed for a partnership Key man
to insure that the business does NOT go out of busi-
ness if one partner dies?
5. An owner hires a construction manager for a project. The subcontractors are prime
Which of the following is TRUE with regard to sub- contractors
contractors?
6. What protects a contractor from risk? Insurance
7. An ADVANTAGE of a Critical Path Method (CPM) Identifies activities that MUST
schedule is it... be completed before other
activities can occur
8. What may be covered by an allowance in a contract? Light fixture costs
9. Which of the following is considered ethical behav- Failing to disclose one sub-
ior? contractor's bid to another
10. Compensation paid to independent contractors is 1099
reported on Form...
11.
1/6
Page 1 3/30/2026, 4:48:56 PM
, VA (VA
Contractors: General
Contractors (Class
General AA
(Class oror
B)B): 2026 Test Preparation)
Study online at https://quizlet.com/_8dmoju
The BEST business practice for special-ordered ma- put the order requirements in
terials is to... writing
12. A contract refers to an insurance agreement that the Part of the contract
contractor is REQUIRED to have. This is considered...
13. Records of an employee's exposure to hazardous 30 years
materials MUST be kept a MINIMUM of how many
years?
14. AT LEAST how often should employees watch for constantly
possible hazards at the job site?
15. An employee can request to receive advance earned W-5
income credit on Form...
16. A contractor uses funds paid by a project owner to Intent to defraud by the con-
purchase materials to start a different project. The tractor
laborers for the original project do NOT get paid
by the contractor. Under the lien law, this is consid-
ered...
17. What should be added to wage rates to ensure accu- Labor burden
racy in estimating labor for a project?
18. What MUST be included in an estimate for a job? Materials, labor, equipment,
and overhead costs
19. The 3 PRIMARY elements of a contract are... offer, acceptance, and consid-
eration
20. At LEAST how often MUST an employee report infor- every 2 months
mation on the number of employees and the num-
2/6
Page 2 3/30/2026, 4:48:56 PM
Contractors: General
Contractors (Class
General AA
(Class oror
B)B): 2026 Test Preparation)
Study online at https://quizlet.com/_8dmoju
1. Which of the following estimating methods is typi- Conceptual estimate
cally used by the architect rather than the contrac-
tor?
2. An agreement that calls for a contractor to be paid cost plus contract
actual costs for labor and materials plus a fixed fee
for the contractor's overhead and profit is called a...
3. Equipment needs for a project are BEST estimated Calculating the number of
by... hours or days it is needed
4. What type of insurance is needed for a partnership Key man
to insure that the business does NOT go out of busi-
ness if one partner dies?
5. An owner hires a construction manager for a project. The subcontractors are prime
Which of the following is TRUE with regard to sub- contractors
contractors?
6. What protects a contractor from risk? Insurance
7. An ADVANTAGE of a Critical Path Method (CPM) Identifies activities that MUST
schedule is it... be completed before other
activities can occur
8. What may be covered by an allowance in a contract? Light fixture costs
9. Which of the following is considered ethical behav- Failing to disclose one sub-
ior? contractor's bid to another
10. Compensation paid to independent contractors is 1099
reported on Form...
11.
1/6
Page 1 3/30/2026, 4:48:56 PM
, VA (VA
Contractors: General
Contractors (Class
General AA
(Class oror
B)B): 2026 Test Preparation)
Study online at https://quizlet.com/_8dmoju
The BEST business practice for special-ordered ma- put the order requirements in
terials is to... writing
12. A contract refers to an insurance agreement that the Part of the contract
contractor is REQUIRED to have. This is considered...
13. Records of an employee's exposure to hazardous 30 years
materials MUST be kept a MINIMUM of how many
years?
14. AT LEAST how often should employees watch for constantly
possible hazards at the job site?
15. An employee can request to receive advance earned W-5
income credit on Form...
16. A contractor uses funds paid by a project owner to Intent to defraud by the con-
purchase materials to start a different project. The tractor
laborers for the original project do NOT get paid
by the contractor. Under the lien law, this is consid-
ered...
17. What should be added to wage rates to ensure accu- Labor burden
racy in estimating labor for a project?
18. What MUST be included in an estimate for a job? Materials, labor, equipment,
and overhead costs
19. The 3 PRIMARY elements of a contract are... offer, acceptance, and consid-
eration
20. At LEAST how often MUST an employee report infor- every 2 months
mation on the number of employees and the num-
2/6
Page 2 3/30/2026, 4:48:56 PM
