Questions and Correct Answers for the Virginia Hic Exam
With all correct questions and answers solved and
passed already graded A
When a contractor performs work without the appropriate class of license, what is the
MAXIMUM penalty?Each day of infraction carries a $500 fee in addition to criminal penalties.
Information on the applicant's knowledge, skills, and abilities must be included in all Class A
contractor licensure applications.
What is the main objective of licensing?Preserve the public's health and well-being.
The contractor's license is canceled when they receive money from the Contractors Recovery
Trust Fund.
The proposed designated employee's business address must be included in the licensing
application.
What is a prerequisite for a joint venture?Each of the joint venture's contracting parties or the
joint venture itself needs a license.
Which of the following claims regarding a sole proprietorship is accurate?Any portion of the
company may be sold, amended, or traded at any time.
What kind of corporate organization permits financial resource sharing?collaboration.
Which of the following techniques for estimating is usually employed by the architect instead of
the contractor?conceptual approximation.
The best way to estimate the amount of equipment needed for a job is to figure out how many
hours or days it will take.
,What should be included in wage rates to guarantee that labor estimates for projects are
accurate?load of labor.
For a particular project, a lower-than-usual profit markup might be used to pay for business
expenses.
With the exception of profit margin, all of the following are regarded as generic circumstances
that may have an impact on project-specific costs.
The two fundamental principles of construction estimating are that high estimates reduce
volume and low estimates reduce profits.
A cost plus contract stipulates that a contractor would get real labor and material costs in
addition to a specified charge for overhead and profit.
In general, who is in charge of making sure a project complies with all zoning regulations?owner
of the project.
A bid is deemed to be open for a reasonable period of time if it does not specify how long it is
open or in effect.
A contractor and a corporate official are going to sign a contract. The contractor should confirm
that the representative is authorized to bind the company.
What might be included in a contract's allowance?Costs of light fixtures
The person in charge of the project's overall construction is the prime contractor.
A contractor intends to employ materials or techniques that deviate from industry norms. This
should be made clear in the contract by the contractor.
For a project, an owner appoints a construction manager. Regarding subcontractors, which of
the following statements is true?Prime contractors are the subcontractors.
, Offer, acceptance, and consideration are the three main components of a contract.
An insurance policy that the contractor must carry is referred to as a contract. This is regarded
as a component of the agreement.
What can be ascertained by adding up all of the project's activities to create a final schedule?
the entire amount of resources required for a project at any particular moment.
A project manager does not personally oversee daily field operations, which is the main
distinction between them and a project superintendent.
Putting the order criteria in writing is the best business practice when it comes to special-
ordered items.Getting the superintendent's approval is crucial to making sure a timetable is
adhered to.
Which of these actions is regarded as ethical?
Except for lower training expenses, all of the following are benefits of effective scheduling.
What tools are available for gathering data on labor, supplies, machinery, and overhead expenses
incurred while doing a task?a system of employment costs.
What shields a contractor from danger?Insurance
What kind of insurance is required for a partnership to ensure that, in the event of one partner's
death, the firm does not fail?The key man
What is covered by a comprehensive general liability insurance policy?an incident at the
construction site that causes damage to the neighbor's home.
How frequently should workers at least keep an eye out for potential dangers on the job site?
Constantly
How long must records of an employee's exposure to hazardous materials be retained?30 years.
What kinds of materials could be deemed hazardous waste at a construction site?cleaning
With all correct questions and answers solved and
passed already graded A
When a contractor performs work without the appropriate class of license, what is the
MAXIMUM penalty?Each day of infraction carries a $500 fee in addition to criminal penalties.
Information on the applicant's knowledge, skills, and abilities must be included in all Class A
contractor licensure applications.
What is the main objective of licensing?Preserve the public's health and well-being.
The contractor's license is canceled when they receive money from the Contractors Recovery
Trust Fund.
The proposed designated employee's business address must be included in the licensing
application.
What is a prerequisite for a joint venture?Each of the joint venture's contracting parties or the
joint venture itself needs a license.
Which of the following claims regarding a sole proprietorship is accurate?Any portion of the
company may be sold, amended, or traded at any time.
What kind of corporate organization permits financial resource sharing?collaboration.
Which of the following techniques for estimating is usually employed by the architect instead of
the contractor?conceptual approximation.
The best way to estimate the amount of equipment needed for a job is to figure out how many
hours or days it will take.
,What should be included in wage rates to guarantee that labor estimates for projects are
accurate?load of labor.
For a particular project, a lower-than-usual profit markup might be used to pay for business
expenses.
With the exception of profit margin, all of the following are regarded as generic circumstances
that may have an impact on project-specific costs.
The two fundamental principles of construction estimating are that high estimates reduce
volume and low estimates reduce profits.
A cost plus contract stipulates that a contractor would get real labor and material costs in
addition to a specified charge for overhead and profit.
In general, who is in charge of making sure a project complies with all zoning regulations?owner
of the project.
A bid is deemed to be open for a reasonable period of time if it does not specify how long it is
open or in effect.
A contractor and a corporate official are going to sign a contract. The contractor should confirm
that the representative is authorized to bind the company.
What might be included in a contract's allowance?Costs of light fixtures
The person in charge of the project's overall construction is the prime contractor.
A contractor intends to employ materials or techniques that deviate from industry norms. This
should be made clear in the contract by the contractor.
For a project, an owner appoints a construction manager. Regarding subcontractors, which of
the following statements is true?Prime contractors are the subcontractors.
, Offer, acceptance, and consideration are the three main components of a contract.
An insurance policy that the contractor must carry is referred to as a contract. This is regarded
as a component of the agreement.
What can be ascertained by adding up all of the project's activities to create a final schedule?
the entire amount of resources required for a project at any particular moment.
A project manager does not personally oversee daily field operations, which is the main
distinction between them and a project superintendent.
Putting the order criteria in writing is the best business practice when it comes to special-
ordered items.Getting the superintendent's approval is crucial to making sure a timetable is
adhered to.
Which of these actions is regarded as ethical?
Except for lower training expenses, all of the following are benefits of effective scheduling.
What tools are available for gathering data on labor, supplies, machinery, and overhead expenses
incurred while doing a task?a system of employment costs.
What shields a contractor from danger?Insurance
What kind of insurance is required for a partnership to ensure that, in the event of one partner's
death, the firm does not fail?The key man
What is covered by a comprehensive general liability insurance policy?an incident at the
construction site that causes damage to the neighbor's home.
How frequently should workers at least keep an eye out for potential dangers on the job site?
Constantly
How long must records of an employee's exposure to hazardous materials be retained?30 years.
What kinds of materials could be deemed hazardous waste at a construction site?cleaning
