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Exam (elaborations)

VA Contractors: General (Class A or B) NEWEST 2025/2026 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!

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VA Contractors: General (Class A or B) NEWEST 2025/2026 ACTUAL EXAM COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW!!

Institution
Virginia HIC
Course
Virginia HIC








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Institution
Virginia HIC
Course
Virginia HIC

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Uploaded on
October 4, 2025
Number of pages
4
Written in
2025/2026
Type
Exam (elaborations)
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Questions & answers

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  • virginia hic

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VA Contractors: General (Class A or B)

A bid does NOT specify how lengthy it stays open or in impact is considered to be open for... -
ANS-a reasonable amount of time

A organisation's net worth is same to... - ANS-owner's equity

A settlement refers to an insurance agreement that the contractor is REQUIRED to have. This is
taken into consideration... - ANS-Part of the contract

A contractor is ready to sign an settlement with a representative of a organization. The
contractor should... - ANS-affirm that the consultant has the authority to bind the organization

A contractor plans to use substances or methods other than those popular in the enterprise. The
contractor need to... - ANS-particularly nation this in the settlement

A contractor have to do all of the following whilst estimating a task EXCEPT... - ANS-anticipate
best conditions

A contractor makes use of finances paid by using a challenge owner to buy materials to start a
distinctive assignment. The employees for the unique project do NOT get paid with the aid of
the contractor. Under the lien law, that is considered... - ANS-Intent to defraud by the contractor

A cause for the use of a lower than ordinary profit markup for a particular venture could be to... -
ANS-cover organization overhead fees

All of the following are blessings of correct scheduling EXCEPT... - ANS-decreased training
costs

All of the following are taken into consideration fashionable situations that might affect fees
immediately associated with a specific venture EXCEPT... - ANS-profit margins

An ADVANTAGE of a Critical Path Method (CPM) agenda is it... - ANS-Identifies activities that
MUST be completed earlier than other activities can occur

An agreement that requires a contractor to be paid actual expenses for exertions and
substances plus a fixed rate for the contractor's overhead and income is known as a... -
ANS-price plus settlement

An employee can request to acquire increase earned earnings credit score on Form... -
ANS-W-5

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