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VA CONTRACTORS: GENERAL (CLASS A OR B)
EXAM QUESTIONS AND ANSWERS 2025
Which of the following estimating methods is typically
used by the architect rather than the contractor? -
.....ANSWER... ✔✔ Conceptual estimate
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... -
.....ANSWER... ✔✔ cost plus contract
Equipment needs for a project are BEST estimated by... -
.....ANSWER... ✔✔ Calculating the number of hours or
days it is needed
What type of insurance is needed for a partnership to
insure that the business does NOT go out of business if
one partner dies? - .....ANSWER... ✔✔ Key man
An owner hires a construction manager for a project.
Which of the following is TRUE with regard to
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subcontractors? - .....ANSWER... ✔✔ The
subcontractors are prime contractors
What protects a contractor from risk? - .....ANSWER...
✔✔ Insurance
An ADVANTAGE of a Critical Path Method (CPM)
schedule is it... - .....ANSWER... ✔✔ Identifies activities
that MUST be completed before other activities can
occur
What may be covered by an allowance in a contract? -
.....ANSWER... ✔✔ Light fixture costs
Which of the following is considered ethical behavior? -
.....ANSWER... ✔✔ Failing to disclose one
subcontractor's bid to another
Compensation paid to independent contractors is
reported on Form... - .....ANSWER... ✔✔ 1099
The BEST business practice for special-ordered materials
is to... - .....ANSWER... ✔✔ put the order requirements
in writing
VA CONTRACTORS: GENERAL (CLASS A OR B)
EXAM QUESTIONS AND ANSWERS 2025
Which of the following estimating methods is typically
used by the architect rather than the contractor? -
.....ANSWER... ✔✔ Conceptual estimate
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... -
.....ANSWER... ✔✔ cost plus contract
Equipment needs for a project are BEST estimated by... -
.....ANSWER... ✔✔ Calculating the number of hours or
days it is needed
What type of insurance is needed for a partnership to
insure that the business does NOT go out of business if
one partner dies? - .....ANSWER... ✔✔ Key man
An owner hires a construction manager for a project.
Which of the following is TRUE with regard to
, 2|Page
subcontractors? - .....ANSWER... ✔✔ The
subcontractors are prime contractors
What protects a contractor from risk? - .....ANSWER...
✔✔ Insurance
An ADVANTAGE of a Critical Path Method (CPM)
schedule is it... - .....ANSWER... ✔✔ Identifies activities
that MUST be completed before other activities can
occur
What may be covered by an allowance in a contract? -
.....ANSWER... ✔✔ Light fixture costs
Which of the following is considered ethical behavior? -
.....ANSWER... ✔✔ Failing to disclose one
subcontractor's bid to another
Compensation paid to independent contractors is
reported on Form... - .....ANSWER... ✔✔ 1099
The BEST business practice for special-ordered materials
is to... - .....ANSWER... ✔✔ put the order requirements
in writing
