VA CONTRACTORS EXAMS SET 2025/2026 QUESTIONS
WITH ANSWERS TAGGED A+
✔✔Max Bond - ✔✔Working Capital x10
✔✔Assets - ✔✔Liabilities + Owner's Equity
✔✔SUTA - ✔✔8,000
✔✔FUTA - ✔✔7,000
✔✔Gross Profit - ✔✔Revenues - Cost of Construction
✔✔Bids are - ✔✔compteitive
✔✔EPA Violation Amount - ✔✔$37,500 per day
✔✔Who is responsible - ✔✔contractor / employee
✔✔Lead Fine - ✔✔$37,500 a day
✔✔Medicare - ✔✔1.45%
✔✔Social Security - ✔✔6.2%
✔✔VA Corp Income Tax - ✔✔6%
✔✔FICA - ✔✔7.65%
✔✔Total Medicare - ✔✔2.9%
✔✔How long do you have to get your Certificate of Occupancy - ✔✔5 Days
✔✔How long do you have to change your name on your license? - ✔✔30 days
✔✔ A contractor does not notify a change of address and so does not receive a timely
Notice of Renewal. Who is responsible for when the contractor does not renew his
license on time? - ✔✔The Licensee Contractor
✔✔A Designated Employee should be? - ✔✔At least 18, Full Time, Passed Required
Exams
✔✔What is the initial Recovery Fund fee? - ✔✔$25.00
, ✔✔If a contractor ears more that $_______ per year, then the contractor is required to
have a Class A. - ✔✔$750,000.00
✔✔If a contract awards more than $_________ per payment, the contractor is required
to have a Class A. - ✔✔$120,000.00
✔✔An Erosion control conservation plan needs to be approved within ____ days. -
✔✔45
✔✔Where do you go to file an appeal of a violation to the USBC provisions? - ✔✔To
The BBCA
✔✔A contractor is required to submit a renewal within____ days of the expiration date?
- ✔✔30
✔✔Who can file a complaint against a contractor? - ✔✔any one
✔✔What is required when changing the from of entity from a sole proprietorship to a
corporation - ✔✔A new license
✔✔What is the maximum fund allowed for a single contractor? - ✔✔$40,000.00
✔✔To Whom should the stop work order be given? - ✔✔Owner, Owner's Agent,
Contractor
✔✔Within how many days should be submitted an appeal for construction? - ✔✔90
Days
✔✔An appeal of the local building officials decision to refuse to grant a modification to
the USBC MUST be made within how many days? - ✔✔90 Days
✔✔Documents related to a contract should be kept for ______ years? - ✔✔5 Years
✔✔Where should one set of all approved building documents be kept? - ✔✔At the
building site
✔✔An erosion control conservation specification needs to be approved within_____
days - ✔✔60 days
✔✔After notification by the code official, an application for a permit shall be considered
to have been abandoned for _____ months - ✔✔6
WITH ANSWERS TAGGED A+
✔✔Max Bond - ✔✔Working Capital x10
✔✔Assets - ✔✔Liabilities + Owner's Equity
✔✔SUTA - ✔✔8,000
✔✔FUTA - ✔✔7,000
✔✔Gross Profit - ✔✔Revenues - Cost of Construction
✔✔Bids are - ✔✔compteitive
✔✔EPA Violation Amount - ✔✔$37,500 per day
✔✔Who is responsible - ✔✔contractor / employee
✔✔Lead Fine - ✔✔$37,500 a day
✔✔Medicare - ✔✔1.45%
✔✔Social Security - ✔✔6.2%
✔✔VA Corp Income Tax - ✔✔6%
✔✔FICA - ✔✔7.65%
✔✔Total Medicare - ✔✔2.9%
✔✔How long do you have to get your Certificate of Occupancy - ✔✔5 Days
✔✔How long do you have to change your name on your license? - ✔✔30 days
✔✔ A contractor does not notify a change of address and so does not receive a timely
Notice of Renewal. Who is responsible for when the contractor does not renew his
license on time? - ✔✔The Licensee Contractor
✔✔A Designated Employee should be? - ✔✔At least 18, Full Time, Passed Required
Exams
✔✔What is the initial Recovery Fund fee? - ✔✔$25.00
, ✔✔If a contractor ears more that $_______ per year, then the contractor is required to
have a Class A. - ✔✔$750,000.00
✔✔If a contract awards more than $_________ per payment, the contractor is required
to have a Class A. - ✔✔$120,000.00
✔✔An Erosion control conservation plan needs to be approved within ____ days. -
✔✔45
✔✔Where do you go to file an appeal of a violation to the USBC provisions? - ✔✔To
The BBCA
✔✔A contractor is required to submit a renewal within____ days of the expiration date?
- ✔✔30
✔✔Who can file a complaint against a contractor? - ✔✔any one
✔✔What is required when changing the from of entity from a sole proprietorship to a
corporation - ✔✔A new license
✔✔What is the maximum fund allowed for a single contractor? - ✔✔$40,000.00
✔✔To Whom should the stop work order be given? - ✔✔Owner, Owner's Agent,
Contractor
✔✔Within how many days should be submitted an appeal for construction? - ✔✔90
Days
✔✔An appeal of the local building officials decision to refuse to grant a modification to
the USBC MUST be made within how many days? - ✔✔90 Days
✔✔Documents related to a contract should be kept for ______ years? - ✔✔5 Years
✔✔Where should one set of all approved building documents be kept? - ✔✔At the
building site
✔✔An erosion control conservation specification needs to be approved within_____
days - ✔✔60 days
✔✔After notification by the code official, an application for a permit shall be considered
to have been abandoned for _____ months - ✔✔6
