VA Contractor General Questions
A class A license is required when a single agreement is worth extra than? - ANS-$120,000.00
A production undertaking does not require inspection if the value is less this maximum quantity.
- ANS-$2500
A contractor does now not notify a trade of address and so does not acquire a well timed Notice
of Renewal. Who is chargeable for when the contractor does not renew his license on time? -
ANS-The Licensee Contractor
A contractor is required to submit a renewal within____ days of the expiration date? - ANS-30
A contractor have to practice for reinstatement rather than renewal if the renewal application
and charge are not submitted inside how many days of expiration? - ANS-30 days
A copy of the constructing allow should be - ANS-posted on the web page
A detailed employee should work a minimum of how many hours for certified contracting
commercial enterprise? - ANS-30 Hours
A Designated Employee should be? - ANS-At least 18, Full Time, Passed Required Exams
A license turned into issued on 10/15/2003. The expiration date is? - ANS-10/31/2005
A new constructing may be used after ______________ is issued. - ANS-certificates of
occupancy
A notification that funds are due is issued, but the finances aren't paid. After a 2nd word, the
budget have to be paid in ______ days. If there is nevertheless no fee, then the license is
____________. - ANS-30 days, Suspended
A permit has been issued and creation is underway. The inspection must take location in? -
ANS-six months
Accrual Basis Accounting - ANS-reporting profits whilst it's miles earned
After notification via the code official, an application for a permit will be taken into consideration
to had been deserted for _____ months - ANS-6
All of the following are required on a written agreement EXCEPT - ANS-permit numbers
, An enchantment of the local constructing officials choice to refuse to furnish a amendment to the
USBC MUST be made inside what number of days? - ANS-ninety Days
An Erosion control conservation plan needs to be accepted inside ____ days. - ANS-45
An erosion control conservation specification wishes to be accredited within_____ days -
ANS-60 days
An owner wantsa swimming pool constructed in a designated vicinity,. The region is in violation
of the nearby code. The contractor need to. - ANS-Not comply with construct the pool
Any issued allow shall become invalid if work isn't commenced inside _________ Months after
issuance. - ANS-6 Months
Assets - ANS-Liabilities + Owner's Equity
Bid Price - ANS-(Dir Cost * a hundred ) / (one hundred-%)
Bids are - ANS-compteitive
Cash Method - ANS-revenue isn't recorded till cash (or a check) is without a doubt acquired
Class A and Class B Must perform - ANS-beneath the name the license become issued
Class A min internet well worth and Application Fee - ANS-$45,000 and $385
Class B min internet really worth and Application Fee - ANS-$15,000 and $370
Debt to Equity Ratio - ANS-Total Debt/Total Equity
Disturbed land areas of much less than ______ squareft in length might not be an issue of
sediment and erosion manage. - ANS-10,000
Documents associated with a contract need to be saved for ______ years? - ANS-5 Years
EPA Violation Amount - ANS-$37,500 in keeping with day
Equity - ANS-Assets - Liabilities
FICA - ANS-7.Sixty five%
FUTA - ANS-7,000
Gross Profit - ANS-Revenues - Cost of Construction
A class A license is required when a single agreement is worth extra than? - ANS-$120,000.00
A production undertaking does not require inspection if the value is less this maximum quantity.
- ANS-$2500
A contractor does now not notify a trade of address and so does not acquire a well timed Notice
of Renewal. Who is chargeable for when the contractor does not renew his license on time? -
ANS-The Licensee Contractor
A contractor is required to submit a renewal within____ days of the expiration date? - ANS-30
A contractor have to practice for reinstatement rather than renewal if the renewal application
and charge are not submitted inside how many days of expiration? - ANS-30 days
A copy of the constructing allow should be - ANS-posted on the web page
A detailed employee should work a minimum of how many hours for certified contracting
commercial enterprise? - ANS-30 Hours
A Designated Employee should be? - ANS-At least 18, Full Time, Passed Required Exams
A license turned into issued on 10/15/2003. The expiration date is? - ANS-10/31/2005
A new constructing may be used after ______________ is issued. - ANS-certificates of
occupancy
A notification that funds are due is issued, but the finances aren't paid. After a 2nd word, the
budget have to be paid in ______ days. If there is nevertheless no fee, then the license is
____________. - ANS-30 days, Suspended
A permit has been issued and creation is underway. The inspection must take location in? -
ANS-six months
Accrual Basis Accounting - ANS-reporting profits whilst it's miles earned
After notification via the code official, an application for a permit will be taken into consideration
to had been deserted for _____ months - ANS-6
All of the following are required on a written agreement EXCEPT - ANS-permit numbers
, An enchantment of the local constructing officials choice to refuse to furnish a amendment to the
USBC MUST be made inside what number of days? - ANS-ninety Days
An Erosion control conservation plan needs to be accepted inside ____ days. - ANS-45
An erosion control conservation specification wishes to be accredited within_____ days -
ANS-60 days
An owner wantsa swimming pool constructed in a designated vicinity,. The region is in violation
of the nearby code. The contractor need to. - ANS-Not comply with construct the pool
Any issued allow shall become invalid if work isn't commenced inside _________ Months after
issuance. - ANS-6 Months
Assets - ANS-Liabilities + Owner's Equity
Bid Price - ANS-(Dir Cost * a hundred ) / (one hundred-%)
Bids are - ANS-compteitive
Cash Method - ANS-revenue isn't recorded till cash (or a check) is without a doubt acquired
Class A and Class B Must perform - ANS-beneath the name the license become issued
Class A min internet well worth and Application Fee - ANS-$45,000 and $385
Class B min internet really worth and Application Fee - ANS-$15,000 and $370
Debt to Equity Ratio - ANS-Total Debt/Total Equity
Disturbed land areas of much less than ______ squareft in length might not be an issue of
sediment and erosion manage. - ANS-10,000
Documents associated with a contract need to be saved for ______ years? - ANS-5 Years
EPA Violation Amount - ANS-$37,500 in keeping with day
Equity - ANS-Assets - Liabilities
FICA - ANS-7.Sixty five%
FUTA - ANS-7,000
Gross Profit - ANS-Revenues - Cost of Construction
