VA Contractors General (Class A or B)
Questions and Answers
1.Which of the following estimating methods is typically used by the
architect rather than the contractor?
Answer Conceptual estimate
2.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...
Answer cost plus contract
3.Equipment needs for a project are BEST estimated by...
Answer Calculating the number of hours or days it is needed
4.What type of insurance is needed for a partnership to insure that
the business does NOT go out of business if one partner dies?
Answer Key man
5.An owner hires a construction manager for a project. Which of the
following is TRUE with regard to subcontractors?
Answer The subcontractors are prime contrac- tors
6.What protects a contractor from risk?
1/
8
, Answer Insurance
7.An ADVANTAGE of a Critical Path Method (CPM) schedule is it...
Answer Identifies activities that MUST be completed before other
activities can occur
8.What may be covered by an allowance in a contract?
Answer Light fixture costs
9.Which of the following is considered ethical behavior?
Answer Failing to disclose one subcontractor's bid to another
10.Compensation paid to independent contractors is reported on Form...
Answer -
1099
11.The BEST business practice for special-ordered materials is to...
Answer put the order requirements in writing
12.A contract refers to an insurance agreement that the contractor is
RE- QUIRED to have. This is considered...
Answer Part of the contract
13.Records of an employee's exposure to hazardous materials MUST be
kept a MINIMUM of how many years?
2/
8
Questions and Answers
1.Which of the following estimating methods is typically used by the
architect rather than the contractor?
Answer Conceptual estimate
2.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...
Answer cost plus contract
3.Equipment needs for a project are BEST estimated by...
Answer Calculating the number of hours or days it is needed
4.What type of insurance is needed for a partnership to insure that
the business does NOT go out of business if one partner dies?
Answer Key man
5.An owner hires a construction manager for a project. Which of the
following is TRUE with regard to subcontractors?
Answer The subcontractors are prime contrac- tors
6.What protects a contractor from risk?
1/
8
, Answer Insurance
7.An ADVANTAGE of a Critical Path Method (CPM) schedule is it...
Answer Identifies activities that MUST be completed before other
activities can occur
8.What may be covered by an allowance in a contract?
Answer Light fixture costs
9.Which of the following is considered ethical behavior?
Answer Failing to disclose one subcontractor's bid to another
10.Compensation paid to independent contractors is reported on Form...
Answer -
1099
11.The BEST business practice for special-ordered materials is to...
Answer put the order requirements in writing
12.A contract refers to an insurance agreement that the contractor is
RE- QUIRED to have. This is considered...
Answer Part of the contract
13.Records of an employee's exposure to hazardous materials MUST be
kept a MINIMUM of how many years?
2/
8
