VA Contractors: General (Class A or B) EXAM ACTUAL EXAM/
MOSTLY TESTED QUESTIONS AND CORRECT DETAILED
ANSWERS| 100% CORRECT SOLUTIONS/GRADE A+
Which of the following estimating methods is typically used by the architect rather than the contractor?
Ans: Conceptual estimate
Quiz An agreement that calls for a contractor to be paid actual costs for labor and materials plus a fixed
fee for the contractor's overhead and profit is called a...
Ans: cost plus contract
Quiz Equipment needs for a project are BEST estimated by...
Ans: Calculating the number of hours or days it is needed
Quiz What type of insurance is needed for a partnership to insure that the business does NOT go out of
business if one partner dies?
Ans: Key man
Quiz An owner hires a construction manager for a project. Which of the following is TRUE with regard to
subcontractors?
, Ans: The subcontractors are prime contractors
Quiz What protects a contractor from risk?
Ans: Insurance
Quiz An ADVANTAGE of a Critical Path Method (CPM) schedule is it...
Ans: Identifies activities that MUST be completed before other activities can occur
Quiz What may be covered by an allowance in a contract?
Ans: Light fixture costs
Quiz Which of the following is considered ethical behavior?
Ans: Failing to disclose one subcontractor's bid to another
Quiz Compensation paid to independent contractors is reported on Form...
Ans: 1099
Quiz The BEST business practice for special-ordered materials is to...
Ans: put the order requirements in writing
MOSTLY TESTED QUESTIONS AND CORRECT DETAILED
ANSWERS| 100% CORRECT SOLUTIONS/GRADE A+
Which of the following estimating methods is typically used by the architect rather than the contractor?
Ans: Conceptual estimate
Quiz An agreement that calls for a contractor to be paid actual costs for labor and materials plus a fixed
fee for the contractor's overhead and profit is called a...
Ans: cost plus contract
Quiz Equipment needs for a project are BEST estimated by...
Ans: Calculating the number of hours or days it is needed
Quiz What type of insurance is needed for a partnership to insure that the business does NOT go out of
business if one partner dies?
Ans: Key man
Quiz An owner hires a construction manager for a project. Which of the following is TRUE with regard to
subcontractors?
, Ans: The subcontractors are prime contractors
Quiz What protects a contractor from risk?
Ans: Insurance
Quiz An ADVANTAGE of a Critical Path Method (CPM) schedule is it...
Ans: Identifies activities that MUST be completed before other activities can occur
Quiz What may be covered by an allowance in a contract?
Ans: Light fixture costs
Quiz Which of the following is considered ethical behavior?
Ans: Failing to disclose one subcontractor's bid to another
Quiz Compensation paid to independent contractors is reported on Form...
Ans: 1099
Quiz The BEST business practice for special-ordered materials is to...
Ans: put the order requirements in writing
