Virginia Class A Contractor Exam Questions And Answers Complete Study Guide

Virginia Class A Contractor Exam Questions &
Answers - Complete Study Guide 2 versions


1. Under Virginia Code § 54.1-1100, what is the maximum single contract value for
a Class C contractor?

A) $5,000
B) $10,000
C) $15,000
D) $25,000

B) $10,000

Class C contractors are limited to single contracts over $1,000 but not exceeding $10,000.
Annual work must not exceed $150,000.




2. What is the maximum annual work volume for a Class C contractor?

A) $50,000
B) $100,000
C) $150,000
D) $250,000

C) $150,000

Class C contractors may perform work where the total value of all projects within any 12-
month period does not exceed $150,000.




3. What is the minimum net worth requirement for a Class A contractor license?

A) $5,000
B) $15,000

,C) $45,000
D) $100,000

C) $45,000

Class A requires a minimum net worth of $45,000. A $50,000 surety bond may be
submitted in lieu of the net worth requirement.




4. What is the minimum net worth requirement for a Class B contractor license?

A) $5,000
B) $15,000
C) $45,000
D) $100,000

B) $15,000

Class B requires a minimum net worth of $15,000. Class C requires $5,000.




5. What is the minimum net worth requirement for a Class C contractor license?

A) $5,000
B) $10,000
C) $15,000
D) No net worth requirement

A) $5,000

Class C requires a minimum net worth of $5,000. This is the lowest net worth requirement
among the three license classes.




6. What is the required experience for a Class A contractor applicant?

,A) 1 year
B) 3 years
C) 5 years
D) 10 years

C) 5 years

Class A applicants must have a minimum of five years of experience. Class B requires three
years.




7. What is the required experience for a Class B contractor applicant?

A) 1 year
B) 3 years
C) 5 years
D) 7 years

B) 3 years

Class B applicants must have a minimum of three years of experience. Class A requires five
years.




8. What is the required experience for a Class C contractor applicant?

A) 1 year
B) 2 years
C) 3 years
D) 5 years

A) 1 year

Class C applicants must have a minimum of one year of experience.

, 9. A contractor is preparing a bid for a project valued at $150,000. What license
class is required?

A) Class A
B) Class B
C) Class C
D) No license required

A) Class A

Class A covers contracts of $120,000 or more. Class B covers $10,000 to less than
$120,000. Class C covers $1,000 to $10,000.




10. A contractor is preparing a bid for a project valued at $80,000. What license
class is required?

A) Class A
B) Class B
C) Class C
D) No license required

B) Class B

Class B covers single contracts of $10,000 or more but less than $120,000. An $80,000
project falls within this range.




11. A contractor is preparing a bid for a project valued at $8,000. What license
class is required?

A) Class A
B) Class B
C) Class C
D) No license required

C) Class C