VIRGINIA HIC PRACTICE
EXAMINATION 2026 QUESTIONS WITH
ANSWERS GUARANTEED TO PASS.
⩥ A building official MUST issue a certificate of occupancy for a
building that meets all the requirements for a certificate within a
MAXIMUM of how many working days after the certificate was
requested? Answer: 5
⩥ Additions to buildings MUST comply with Answer: the current
code for new construction.
⩥ When MUST the work be stopped following the issuance of a stop
work order? Answer: Immediately
⩥ Who is to be in charge of a local building department? Answer:
Building official.
⩥ Contractors who are assessed a fee to support the Transaction
Recovery Fund MUST pay this fee within a MINIMUM of how many
days from when the assessment fee notice was mailed? Answer: 45
days
⩥ Contractors will be assessed a fee for the Transaction Recovery
Fund whenever the fund balance is less than Answer: $400,000.
,⩥ Payments made by the Transaction Recovery Fund to claimants
may include an amount for Answer: attorneys' fees.
⩥ A contract for which of the following types of structures may be
subject to recovery from the Transaction Recovery Fund? Answer:
Residential only.
⩥ A verified claim for payment from the Transaction Recovery Fund
MUST occur within a MAXIMUM of what period of time from the
date the claimant was awarded a final judgment? Answer: 12 months.
⩥ An appeal of a final decision of a county on an erosion control plan
MUST be filed within a MAXIMUM of how many days? Answer: 30
days.
⩥ Temporary erosion and sediment control measures MUST be
removed within a MAXIMUM of how many days after the final site
stabilization? Answer: 30 days.
⩥ Which of the following statements about a sole proprietorship is
TRUE? Answer: The business, or any part of it, can be sold, altered,
or exchanged at will.
⩥ What type of business organization allows people to share financial
resources? Answer: Partnership.
⩥ Which of the following estimating methods is typically used by the
architect rather than the contractor? Answer: Conceptual estimate.
, ⩥ Equipment needs for a project are BEST estimated by Answer:
calculating the number of hours or days it is needed.
⩥ What should be added to wage rates to ensure accuracy in
estimating labor for a project? Answer: Labor burden.
⩥ A reason for using a lower than usual profit markup for a specific
project could be to Answer: cover company overhead costs.
⩥ Which of the following is a TRUE statement about estimating?
Answer: Both overestimating and underestimating costs could have
disastrous consequences.
⩥ A contractor should do all of the following when estimating a
project EXCEPT Answer: assume ideal conditions
⩥ What MUST be included in an estimate for a job? Answer:
Materials, labor, equipment, and overhead costs.
⩥ Costs that relate to construction activity but are NOT easily
identifiable for a specific project are considered Answer: project
overhead.
⩥ All of the following are considered general conditions that could
affect costs directly associated with a specific project EXCEPT
Answer: profit margin
EXAMINATION 2026 QUESTIONS WITH
ANSWERS GUARANTEED TO PASS.
⩥ A building official MUST issue a certificate of occupancy for a
building that meets all the requirements for a certificate within a
MAXIMUM of how many working days after the certificate was
requested? Answer: 5
⩥ Additions to buildings MUST comply with Answer: the current
code for new construction.
⩥ When MUST the work be stopped following the issuance of a stop
work order? Answer: Immediately
⩥ Who is to be in charge of a local building department? Answer:
Building official.
⩥ Contractors who are assessed a fee to support the Transaction
Recovery Fund MUST pay this fee within a MINIMUM of how many
days from when the assessment fee notice was mailed? Answer: 45
days
⩥ Contractors will be assessed a fee for the Transaction Recovery
Fund whenever the fund balance is less than Answer: $400,000.
,⩥ Payments made by the Transaction Recovery Fund to claimants
may include an amount for Answer: attorneys' fees.
⩥ A contract for which of the following types of structures may be
subject to recovery from the Transaction Recovery Fund? Answer:
Residential only.
⩥ A verified claim for payment from the Transaction Recovery Fund
MUST occur within a MAXIMUM of what period of time from the
date the claimant was awarded a final judgment? Answer: 12 months.
⩥ An appeal of a final decision of a county on an erosion control plan
MUST be filed within a MAXIMUM of how many days? Answer: 30
days.
⩥ Temporary erosion and sediment control measures MUST be
removed within a MAXIMUM of how many days after the final site
stabilization? Answer: 30 days.
⩥ Which of the following statements about a sole proprietorship is
TRUE? Answer: The business, or any part of it, can be sold, altered,
or exchanged at will.
⩥ What type of business organization allows people to share financial
resources? Answer: Partnership.
⩥ Which of the following estimating methods is typically used by the
architect rather than the contractor? Answer: Conceptual estimate.
, ⩥ Equipment needs for a project are BEST estimated by Answer:
calculating the number of hours or days it is needed.
⩥ What should be added to wage rates to ensure accuracy in
estimating labor for a project? Answer: Labor burden.
⩥ A reason for using a lower than usual profit markup for a specific
project could be to Answer: cover company overhead costs.
⩥ Which of the following is a TRUE statement about estimating?
Answer: Both overestimating and underestimating costs could have
disastrous consequences.
⩥ A contractor should do all of the following when estimating a
project EXCEPT Answer: assume ideal conditions
⩥ What MUST be included in an estimate for a job? Answer:
Materials, labor, equipment, and overhead costs.
⩥ Costs that relate to construction activity but are NOT easily
identifiable for a specific project are considered Answer: project
overhead.
⩥ All of the following are considered general conditions that could
affect costs directly associated with a specific project EXCEPT
Answer: profit margin
