1|Page
VA Contractors: General (Class A or B) Newest Exam /
VA Contractors: General (Class A or B) Exam
Preparation With Rationales/VA Contractors: General
(Class A or B) Exam Practice Exam With Complete
Questions And Correct Answers| Newest Version!!
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
, 2|Page
An owner hires a construction manager for a project.
Which of the following is TRUE with regard to
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) Newest Exam /
VA Contractors: General (Class A or B) Exam
Preparation With Rationales/VA Contractors: General
(Class A or B) Exam Practice Exam With Complete
Questions And Correct Answers| Newest Version!!
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
, 2|Page
An owner hires a construction manager for a project.
Which of the following is TRUE with regard to
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
