Virginia Class B General Contractor
License Exam Questions And Correct
Answers (Verified Answers) Plus
Rationales 2025/2026 Q&A | Instant
Download Pdf
1. What is the maximum single contract amount a Virginia Class B
contractor can undertake?
A. $25,000
B. $50,000
C. $120,000
D. Unlimited
Class B contractors are limited to single contracts of no more than
$120,000 and a total annual value of all contracts up to $750,000.
2. Which of the following must be appointed to represent a business
entity in its contractor license?
A. Accountant
B. Designated employee
,C. Customer
D. Auditor
A Designated Employee is the individual who has passed the required
exams and represents the business on licensing matters.
3. Which of the following is NOT required for a Class B license?
A. Passing the required exams
B. Proper financial statements
C. Five years of experience
D. Bond over $1 million
A Class B contractor is not required to post a bond over $1 million. That is
not part of the licensing requirement.
4. How long is a Virginia contractor license valid?
A. 6 months
B. 1 year
C. 2 years
D. 5 years
All Virginia contractor licenses are valid for 2 years and must be renewed
biennially.
5. What board regulates contractors in Virginia?
A. Board for Contractors
B. State Building Board
,C. Virginia Employment Commission
D. Department of Taxation
The Board for Contractors under the Virginia DPOR regulates contractor
licenses.
6. What is the minimum net worth requirement for a Class B license?
A. $1,000
B. $5,000
C. $15,000
D. $25,000
Class B contractors must have a minimum net worth of $15,000 as shown
in financial documentation.
7. A license can be revoked for:
A. A late tax return
B. Fraudulent acts in contracting
C. Minor delays in construction
D. Poor reviews online
Fraudulent or dishonest practices are grounds for license revocation in
Virginia.
8. What document defines the scope of work in a construction project?
A. Invoice
B. Receipt
, C. Contract
D. Building permit
The contract outlines the detailed scope of work, payment terms, and
responsibilities.
9. Who is responsible for job site safety?
A. The architect
B. The subcontractor
C. OSHA inspector
D. The contractor
Contractors are legally responsible for providing a safe working
environment and complying with OSHA standards.
10. Which of the following taxes must a contractor generally pay?
A. Excise tax
B. Import tax
C. Sales and use tax
D. Franchise tax
Contractors must collect and pay Virginia sales and use tax on taxable
materials and services.
11. When must you notify the Board of a business name change?
A. Within 1 year
B. Within 30 days
License Exam Questions And Correct
Answers (Verified Answers) Plus
Rationales 2025/2026 Q&A | Instant
Download Pdf
1. What is the maximum single contract amount a Virginia Class B
contractor can undertake?
A. $25,000
B. $50,000
C. $120,000
D. Unlimited
Class B contractors are limited to single contracts of no more than
$120,000 and a total annual value of all contracts up to $750,000.
2. Which of the following must be appointed to represent a business
entity in its contractor license?
A. Accountant
B. Designated employee
,C. Customer
D. Auditor
A Designated Employee is the individual who has passed the required
exams and represents the business on licensing matters.
3. Which of the following is NOT required for a Class B license?
A. Passing the required exams
B. Proper financial statements
C. Five years of experience
D. Bond over $1 million
A Class B contractor is not required to post a bond over $1 million. That is
not part of the licensing requirement.
4. How long is a Virginia contractor license valid?
A. 6 months
B. 1 year
C. 2 years
D. 5 years
All Virginia contractor licenses are valid for 2 years and must be renewed
biennially.
5. What board regulates contractors in Virginia?
A. Board for Contractors
B. State Building Board
,C. Virginia Employment Commission
D. Department of Taxation
The Board for Contractors under the Virginia DPOR regulates contractor
licenses.
6. What is the minimum net worth requirement for a Class B license?
A. $1,000
B. $5,000
C. $15,000
D. $25,000
Class B contractors must have a minimum net worth of $15,000 as shown
in financial documentation.
7. A license can be revoked for:
A. A late tax return
B. Fraudulent acts in contracting
C. Minor delays in construction
D. Poor reviews online
Fraudulent or dishonest practices are grounds for license revocation in
Virginia.
8. What document defines the scope of work in a construction project?
A. Invoice
B. Receipt
, C. Contract
D. Building permit
The contract outlines the detailed scope of work, payment terms, and
responsibilities.
9. Who is responsible for job site safety?
A. The architect
B. The subcontractor
C. OSHA inspector
D. The contractor
Contractors are legally responsible for providing a safe working
environment and complying with OSHA standards.
10. Which of the following taxes must a contractor generally pay?
A. Excise tax
B. Import tax
C. Sales and use tax
D. Franchise tax
Contractors must collect and pay Virginia sales and use tax on taxable
materials and services.
11. When must you notify the Board of a business name change?
A. Within 1 year
B. Within 30 days
