VA ALTERNATIVE ENERGY SYSTEM
CONTRACTING PRACTICE EXAM (2026-
2027)-QUESTIONS AND CORRECT
ANSWERS RATIONALES | INSTANT
DOWNLOAD PDF highly graded a+
What is the MAXIMUM penalty for a contractor who undertakes work without the proper
class of license? - CORRECT ANSWERS-$500 fine.
Which of the following is a requirement for a joint venture? - CORRECT ANSWERS-
Either the joint venture or each contracting party of the joint venture must be licensed.
The application for licensure MUST include - CORRECT ANSWERS-the business
address of the proposed designated employee.
All Class A contractor licensure applications MUST include - CORRECT ANSWERS-
information on the knowledge, skills, and abilities of the applicant.
When a claimant is paid funds from the Contractors Recovery Trust Fund - CORRECT
ANSWERS-the contractor's license is revoked.
All of the following must be licensed EXCEPT - CORRECT ANSWERS-a material
supplier who advises a contractor.
What is the PRIMARY purpose of licensing? - CORRECT ANSWERS-Protect the health
and welfare of the public.
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net
worth of - CORRECT ANSWERS-$15,000.
A licensee's name change MUST be reported to the Board within a MAXIMUM of how
many days? - CORRECT ANSWERS-30 days.
According to the Board Rules and Regulations, which of the following could be a
qualified individual? - CORRECT ANSWERS-Any full-time employee.
How much is the Class A initial license fee? - CORRECT ANSWERS-$200
CONTRACTING PRACTICE EXAM (2026-
2027)-QUESTIONS AND CORRECT
ANSWERS RATIONALES | INSTANT
DOWNLOAD PDF highly graded a+
What is the MAXIMUM penalty for a contractor who undertakes work without the proper
class of license? - CORRECT ANSWERS-$500 fine.
Which of the following is a requirement for a joint venture? - CORRECT ANSWERS-
Either the joint venture or each contracting party of the joint venture must be licensed.
The application for licensure MUST include - CORRECT ANSWERS-the business
address of the proposed designated employee.
All Class A contractor licensure applications MUST include - CORRECT ANSWERS-
information on the knowledge, skills, and abilities of the applicant.
When a claimant is paid funds from the Contractors Recovery Trust Fund - CORRECT
ANSWERS-the contractor's license is revoked.
All of the following must be licensed EXCEPT - CORRECT ANSWERS-a material
supplier who advises a contractor.
What is the PRIMARY purpose of licensing? - CORRECT ANSWERS-Protect the health
and welfare of the public.
A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net
worth of - CORRECT ANSWERS-$15,000.
A licensee's name change MUST be reported to the Board within a MAXIMUM of how
many days? - CORRECT ANSWERS-30 days.
According to the Board Rules and Regulations, which of the following could be a
qualified individual? - CORRECT ANSWERS-Any full-time employee.
How much is the Class A initial license fee? - CORRECT ANSWERS-$200
