Virginia Contractor Licensing Requirements
Virginia Contractor Licensing Requirements
Study online at https://quizlet.com/_ekc7j7
1. Designated em- Employee of a corporation who must meet specific requirements for licensure,
ployee such as being a full-time employee and having a controlling financial interest.
2. Controlling finan- Ownership or control of a significant portion of a corporation's financial resources,
cial interest often a requirement for designated employees of a corporation for licensure.
3. Certification of Official document issued by the local building official indicating that a building may
Occupancy be used for its intended purposes after all inspections have been completed and
disturbed areas have been stabilized.
4. Local Building Of- Authority responsible for making decisions regarding building permits, inspec-
ficial tions, and certifications within a specific locality.
5. Contract or trans- Fund created to provide a remedy to contractors, homeowners, commercial own-
action recovery ers, and subcontractors for damages resulting from a contract or transaction.
fund
6. Class A license License requiring a minimum net worth of $45,000 for a contractor to engage in
construction activities.
7. Permit expiration The time after which a permit for work on a site becomes invalid if work has not
commenced or has been abandoned for a specified period, often 6 months to 1
year.
8. Change order A written agreement signed by all parties involved in a construction project,
documenting modifications to the contract affecting cost, materials, work scope,
or estimated completion date.
9. Erosion and sed- Approved plan specifying measures to prevent soil erosion and manage sediment
iment control during land disturbing activities, with a maximum fine of $1000 per day for
plan beginning activities without an approved plan.
10. Renewal applica- Application and fees received by the board, often postmarked and cleared by the
tion bank, for reinstating a contractor's license.
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Virginia Contractor Licensing Requirements
Study online at https://quizlet.com/_ekc7j7
1. Designated em- Employee of a corporation who must meet specific requirements for licensure,
ployee such as being a full-time employee and having a controlling financial interest.
2. Controlling finan- Ownership or control of a significant portion of a corporation's financial resources,
cial interest often a requirement for designated employees of a corporation for licensure.
3. Certification of Official document issued by the local building official indicating that a building may
Occupancy be used for its intended purposes after all inspections have been completed and
disturbed areas have been stabilized.
4. Local Building Of- Authority responsible for making decisions regarding building permits, inspec-
ficial tions, and certifications within a specific locality.
5. Contract or trans- Fund created to provide a remedy to contractors, homeowners, commercial own-
action recovery ers, and subcontractors for damages resulting from a contract or transaction.
fund
6. Class A license License requiring a minimum net worth of $45,000 for a contractor to engage in
construction activities.
7. Permit expiration The time after which a permit for work on a site becomes invalid if work has not
commenced or has been abandoned for a specified period, often 6 months to 1
year.
8. Change order A written agreement signed by all parties involved in a construction project,
documenting modifications to the contract affecting cost, materials, work scope,
or estimated completion date.
9. Erosion and sed- Approved plan specifying measures to prevent soil erosion and manage sediment
iment control during land disturbing activities, with a maximum fine of $1000 per day for
plan beginning activities without an approved plan.
10. Renewal applica- Application and fees received by the board, often postmarked and cleared by the
tion bank, for reinstating a contractor's license.
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