VA Contractors Questions and Answers General (Class A or B)
Which of the following estimating methods is typically used by the architect rather than the
contractor? - CORRECT ANSWER Conceptual estimate
An agreement that calls for a contractor to be paid actual costs for labor and materials plus a
fixed fee for the contractor's overhead and profit is called a... - CORRECT ANSWER cost plus
contract
Equipment needs for a project are BEST estimated by... - CORRECT ANSWER Calculating
the number of hours or days it is needed
, What type of insurance is needed for a partnership to insure that the business does NOT go out of
business if one partner dies? - CORRECT ANSWER Key man
An owner hires a construction manager for a project. Which of the following is TRUE with
regard to subcontractors? - CORRECT ANSWER The subcontractors are prime contractors
What protects a contractor from risk? - CORRECT ANSWER Insurance
An ADVANTAGE of a Critical Path Method (CPM) schedule is it... - CORRECT ANSWER
Identifies activities that MUST be completed before other activities can occur
What may be covered by an allowance in a contract? - CORRECT ANSWER Light fixture
costs
Which of the following is considered ethical behavior? - CORRECT ANSWER Failing to
disclose one subcontractor's bid to another
Compensation paid to independent contractors is reported on Form... - CORRECT ANSWER
1099
The BEST business practice for special-ordered materials is to... - CORRECT ANSWER put
the order requirements in writing
A contract refers to an insurance agreement that the contractor is REQUIRED to have. This is
considered... - CORRECT ANSWER Part of the contract
Records of an employee's exposure to hazardous materials MUST be kept a MINIMUM of how
many years? - CORRECT ANSWER 30 years
AT LEAST how often should employees watch for possible hazards at the job site? - CORRECT
ANSWER constantly
Which of the following estimating methods is typically used by the architect rather than the
contractor? - CORRECT ANSWER Conceptual estimate
An agreement that calls for a contractor to be paid actual costs for labor and materials plus a
fixed fee for the contractor's overhead and profit is called a... - CORRECT ANSWER cost plus
contract
Equipment needs for a project are BEST estimated by... - CORRECT ANSWER Calculating
the number of hours or days it is needed
, What type of insurance is needed for a partnership to insure that the business does NOT go out of
business if one partner dies? - CORRECT ANSWER Key man
An owner hires a construction manager for a project. Which of the following is TRUE with
regard to subcontractors? - CORRECT ANSWER The subcontractors are prime contractors
What protects a contractor from risk? - CORRECT ANSWER Insurance
An ADVANTAGE of a Critical Path Method (CPM) schedule is it... - CORRECT ANSWER
Identifies activities that MUST be completed before other activities can occur
What may be covered by an allowance in a contract? - CORRECT ANSWER Light fixture
costs
Which of the following is considered ethical behavior? - CORRECT ANSWER Failing to
disclose one subcontractor's bid to another
Compensation paid to independent contractors is reported on Form... - CORRECT ANSWER
1099
The BEST business practice for special-ordered materials is to... - CORRECT ANSWER put
the order requirements in writing
A contract refers to an insurance agreement that the contractor is REQUIRED to have. This is
considered... - CORRECT ANSWER Part of the contract
Records of an employee's exposure to hazardous materials MUST be kept a MINIMUM of how
many years? - CORRECT ANSWER 30 years
AT LEAST how often should employees watch for possible hazards at the job site? - CORRECT
ANSWER constantly
