Virginia Class A Contractor Exam Original
Practice Questions
1. A Class A contractor license is required in Virginia when the total value of a
single contract or project is:
A. $10,000 or more
B. $120,000 or more
C. $750,000 or more
D. $1,000,000 or more
B. $120,000 or more
Virginia Code § 54.1-1103 defines Class A contractors as those performing work of
$120,000 or more per project, or whose annual financial statement shows $750,000 or
more in gross receipts.
2. A Class A contractor license is also required when the firm's annual gross
receipts from contracting activities are:
A. $100,000 or more
B. $250,000 or more
C. $750,000 or more
D. $1,000,000 or more
C. $750,000 or more
Class A licensure is triggered either by a single contract of $120,000 or more OR annual
gross receipts of $750,000 or more .
3. What is the minimum net worth requirement for a Class A contractor license?
A. $25,000
B. $35,000
,C. $45,000
D. $75,000
C. $45,000
Class A applicants must verify a net worth or equity of $45,000 by submitting a completed
financial statement with supporting documentation, a CPA-reviewed financial statement,
or a CPA audit .
4. In lieu of meeting the net worth requirement, a Class A applicant may obtain a
surety bond in the amount of:
A. $25,000
B. $50,000
C. $75,000
D. $100,000
B. $50,000
A firm may obtain a $50,000 surety bond on the board's bond form instead of
demonstrating the $45,000 net worth requirement .
5. How many years of experience must a Qualified Individual have for a Class A
license?
A. 2 years
B. 3 years
C. 5 years
D. 7 years
C. 5 years
For every classification or specialty in which the firm seeks to be licensed, the Qualified
Individual must have a minimum of five years of experience in that classification or
specialty .
6. How many years of experience are required for a Class B Qualified Individual?
,A. 2 years
B. 3 years
C. 4 years
D. 5 years
B. 3 years
Class B Qualified Individuals must have a minimum of three years of experience, while
Class C requires two years .
7. How many years of experience are required for a Class C Qualified Individual?
A. 1 year
B. 2 years
C. 3 years
D. 5 years
B. 2 years
Class C Qualified Individuals must have a minimum of two years of experience in the
classification or specialty sought .
8. What is the minimum age for a designated employee of a Class A firm?
A. 16 years
B. 18 years
C. 21 years
D. 25 years
B. 18 years
The designated employee must be at least 18 years of age .
9. The designated employee must be:
A. A licensed professional engineer
, B. A full-time employee or member of responsible management of the firm
C. A college graduate in construction management
D. A Virginia resident
B. A full-time employee or member of responsible management of the firm
The designated employee must be a full-time employee of the firm or a member of the
responsible management of the firm .
10. Who must successfully complete a board-approved basic business course?
A. The designated employee or a member of responsible management
B. All full-time employees
C. The Qualified Individual only
D. The firm's CPA
A. The designated employee or a member of responsible management
The designated employee or a member of responsible management must successfully
complete a board-approved basic business course .
11. What is the passing score for the Virginia Business and Law Exam?
A. 60%
B. 65%
C. 70%
D. 75%
C. 70%
The Virginia Business and Law Exam requires 70% (35 correct answers out of 50) to pass .
12. How many questions are on the Virginia Business and Law Exam?
A. 25
B. 50
Practice Questions
1. A Class A contractor license is required in Virginia when the total value of a
single contract or project is:
A. $10,000 or more
B. $120,000 or more
C. $750,000 or more
D. $1,000,000 or more
B. $120,000 or more
Virginia Code § 54.1-1103 defines Class A contractors as those performing work of
$120,000 or more per project, or whose annual financial statement shows $750,000 or
more in gross receipts.
2. A Class A contractor license is also required when the firm's annual gross
receipts from contracting activities are:
A. $100,000 or more
B. $250,000 or more
C. $750,000 or more
D. $1,000,000 or more
C. $750,000 or more
Class A licensure is triggered either by a single contract of $120,000 or more OR annual
gross receipts of $750,000 or more .
3. What is the minimum net worth requirement for a Class A contractor license?
A. $25,000
B. $35,000
,C. $45,000
D. $75,000
C. $45,000
Class A applicants must verify a net worth or equity of $45,000 by submitting a completed
financial statement with supporting documentation, a CPA-reviewed financial statement,
or a CPA audit .
4. In lieu of meeting the net worth requirement, a Class A applicant may obtain a
surety bond in the amount of:
A. $25,000
B. $50,000
C. $75,000
D. $100,000
B. $50,000
A firm may obtain a $50,000 surety bond on the board's bond form instead of
demonstrating the $45,000 net worth requirement .
5. How many years of experience must a Qualified Individual have for a Class A
license?
A. 2 years
B. 3 years
C. 5 years
D. 7 years
C. 5 years
For every classification or specialty in which the firm seeks to be licensed, the Qualified
Individual must have a minimum of five years of experience in that classification or
specialty .
6. How many years of experience are required for a Class B Qualified Individual?
,A. 2 years
B. 3 years
C. 4 years
D. 5 years
B. 3 years
Class B Qualified Individuals must have a minimum of three years of experience, while
Class C requires two years .
7. How many years of experience are required for a Class C Qualified Individual?
A. 1 year
B. 2 years
C. 3 years
D. 5 years
B. 2 years
Class C Qualified Individuals must have a minimum of two years of experience in the
classification or specialty sought .
8. What is the minimum age for a designated employee of a Class A firm?
A. 16 years
B. 18 years
C. 21 years
D. 25 years
B. 18 years
The designated employee must be at least 18 years of age .
9. The designated employee must be:
A. A licensed professional engineer
, B. A full-time employee or member of responsible management of the firm
C. A college graduate in construction management
D. A Virginia resident
B. A full-time employee or member of responsible management of the firm
The designated employee must be a full-time employee of the firm or a member of the
responsible management of the firm .
10. Who must successfully complete a board-approved basic business course?
A. The designated employee or a member of responsible management
B. All full-time employees
C. The Qualified Individual only
D. The firm's CPA
A. The designated employee or a member of responsible management
The designated employee or a member of responsible management must successfully
complete a board-approved basic business course .
11. What is the passing score for the Virginia Business and Law Exam?
A. 60%
B. 65%
C. 70%
D. 75%
C. 70%
The Virginia Business and Law Exam requires 70% (35 correct answers out of 50) to pass .
12. How many questions are on the Virginia Business and Law Exam?
A. 25
B. 50
