VA CONTRACTORS GENERAL CLASS A OR
B FINAL PAPER 2026 COMPREHENSIVE
QUESTIONS AND ACCURATE SOLUTIONS
GRADED A+
⩥ The three PRIMARY elements of a contract are. Answer: offer,
acceptance, consideration
⩥ Equipment needs for a project are BEST estimated by. Answer:
calculating the number of hours or days it is needed
⩥ An important factor in ensuring a schedule is followed is to. Answer:
Make sure the superintendent agrees with it
⩥ All of the following are examples of GOOD scheduling EXCEPT.
Answer: Reduced training cost
⩥ What should be added to wage rates to ensure accuracy in estimating
labor for a project. Answer: Labor burden
⩥ All of the following are considered general conditions that could
affect costs directly associated with a specific project EXCEPT. Answer:
Profit margins
, ⩥ Records of employees exposure to hazardous materials MUST be kept
a MINIMUM of how many years. Answer: 30 years
⩥ A reason for using a lower than usual profit markup for a specific
project could be to. Answer: Cover company overhead costs
⩥ An advantage of a Critical Path Method (CPM) schedule is to.
Answer: Identifies activities that must be completed before other
activities can occur
⩥ An employee can request to receive advance earned income credit on
Form. Answer: W-5
⩥ The two basic laws of construction estimating are. Answer: Low
estimates decrease profits and high estimates decrease volume
⩥ 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
⩥ What type of business organization allows people to share financial
resources. Answer: Partnership
B FINAL PAPER 2026 COMPREHENSIVE
QUESTIONS AND ACCURATE SOLUTIONS
GRADED A+
⩥ The three PRIMARY elements of a contract are. Answer: offer,
acceptance, consideration
⩥ Equipment needs for a project are BEST estimated by. Answer:
calculating the number of hours or days it is needed
⩥ An important factor in ensuring a schedule is followed is to. Answer:
Make sure the superintendent agrees with it
⩥ All of the following are examples of GOOD scheduling EXCEPT.
Answer: Reduced training cost
⩥ What should be added to wage rates to ensure accuracy in estimating
labor for a project. Answer: Labor burden
⩥ All of the following are considered general conditions that could
affect costs directly associated with a specific project EXCEPT. Answer:
Profit margins
, ⩥ Records of employees exposure to hazardous materials MUST be kept
a MINIMUM of how many years. Answer: 30 years
⩥ A reason for using a lower than usual profit markup for a specific
project could be to. Answer: Cover company overhead costs
⩥ An advantage of a Critical Path Method (CPM) schedule is to.
Answer: Identifies activities that must be completed before other
activities can occur
⩥ An employee can request to receive advance earned income credit on
Form. Answer: W-5
⩥ The two basic laws of construction estimating are. Answer: Low
estimates decrease profits and high estimates decrease volume
⩥ 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
⩥ What type of business organization allows people to share financial
resources. Answer: Partnership
