VA CONTRACTORS TEST PAPER 2025/2026 QUESTIONS
WITH ANSWERS TAGGED A+
✔✔What is the maximum amount that can be paid out on behalf of a single contractor?
- ✔✔$40,000.00
✔✔A license was issued on 10/15/2003. The expiration date is? - ✔✔10/31/2005
✔✔A designated employee must work a minimum of how many hours for licensed
contracting business? - ✔✔30 Hours
✔✔Where must a building permit be kept? - ✔✔at the building site
✔✔A new building may be used after ______________ is issued. - ✔✔certificate of
occupancy
✔✔Any issued permit shall become invalid if work is not commenced within _________
Months after issuance. - ✔✔6 Months
✔✔A notification that funds are due is issued, but the funds are not paid. After a second
notice, the funds must be paid in ______ days. If there is still no payment, then the
license is ____________. - ✔✔30 days, Suspended
✔✔An owner wantsa swimming pool built in a specified location,. The location is in
violation of the local code. The contractor should. - ✔✔Not agree to build the pool
✔✔A construction project does not require inspection if the cost is less this maximum
amount. - ✔✔$2500
✔✔All of the following are required on a written contract EXCEPT - ✔✔permit numbers
✔✔if licensees are notified at the time of renewal that an additional fee for the
contractor recovery fund is due, and the licensee does not pay the fee at that time, how
much additional time is licensee given? - ✔✔30 days
✔✔when is a renewal or reinstatement application considered to be received by the
board? - ✔✔when the application and fees are recieved by the board
✔✔Who may file complaints against a licensed contractor? - ✔✔Any Person
✔✔Who may make a claim for a payment from the contractors Recovery Trust Fund? -
✔✔a property owner who contracted with the licensee
, ✔✔A permit has been issued and construction is underway. The inspection must take
place in? - ✔✔six months
✔✔Soil stabilization MUST be applied to denuded areas within how many days after
final grade is reached on any portion of the site? - ✔✔7 days
✔✔A contractor must apply for reinstatement rather than renewal if the renewal
application and fee are not submitted within how many days of expiration? - ✔✔30 days
✔✔A copy of the building permit must be - ✔✔posted at the site
✔✔Min age for designated employee - ✔✔18 years old
✔✔Class A and Class B Must operate - ✔✔under the name the license was issued
✔✔A class A license is required when a single contract is worth more than? -
✔✔$120,000.00
✔✔When may a license be transfered? - ✔✔Never
✔✔What code to follow for new additions to a building - ✔✔Current Code
✔✔What is calculated in Project Overhead - ✔✔Supervisor Saleries
✔✔Lead Exposure - ✔✔1978
✔✔Miller Act - ✔✔1 Year
✔✔Working Capital - ✔✔current assets - current liabilities
✔✔Bid Price - ✔✔(Dir Cost * 100 ) / (100-%)
✔✔Equity - ✔✔Assets - Liabilities
✔✔Debt to Equity Ratio - ✔✔Total Debt/Total Equity
✔✔Quick Ratio - ✔✔(Current Assets - Inventory) / Current Liabilities
✔✔Return on Invest - ✔✔Net Income / Total Assets
✔✔Class A min net worth and Application Fee - ✔✔$45,000 and $385
✔✔Class B min net worth and Application Fee - ✔✔$15,000 and $370
WITH ANSWERS TAGGED A+
✔✔What is the maximum amount that can be paid out on behalf of a single contractor?
- ✔✔$40,000.00
✔✔A license was issued on 10/15/2003. The expiration date is? - ✔✔10/31/2005
✔✔A designated employee must work a minimum of how many hours for licensed
contracting business? - ✔✔30 Hours
✔✔Where must a building permit be kept? - ✔✔at the building site
✔✔A new building may be used after ______________ is issued. - ✔✔certificate of
occupancy
✔✔Any issued permit shall become invalid if work is not commenced within _________
Months after issuance. - ✔✔6 Months
✔✔A notification that funds are due is issued, but the funds are not paid. After a second
notice, the funds must be paid in ______ days. If there is still no payment, then the
license is ____________. - ✔✔30 days, Suspended
✔✔An owner wantsa swimming pool built in a specified location,. The location is in
violation of the local code. The contractor should. - ✔✔Not agree to build the pool
✔✔A construction project does not require inspection if the cost is less this maximum
amount. - ✔✔$2500
✔✔All of the following are required on a written contract EXCEPT - ✔✔permit numbers
✔✔if licensees are notified at the time of renewal that an additional fee for the
contractor recovery fund is due, and the licensee does not pay the fee at that time, how
much additional time is licensee given? - ✔✔30 days
✔✔when is a renewal or reinstatement application considered to be received by the
board? - ✔✔when the application and fees are recieved by the board
✔✔Who may file complaints against a licensed contractor? - ✔✔Any Person
✔✔Who may make a claim for a payment from the contractors Recovery Trust Fund? -
✔✔a property owner who contracted with the licensee
, ✔✔A permit has been issued and construction is underway. The inspection must take
place in? - ✔✔six months
✔✔Soil stabilization MUST be applied to denuded areas within how many days after
final grade is reached on any portion of the site? - ✔✔7 days
✔✔A contractor must apply for reinstatement rather than renewal if the renewal
application and fee are not submitted within how many days of expiration? - ✔✔30 days
✔✔A copy of the building permit must be - ✔✔posted at the site
✔✔Min age for designated employee - ✔✔18 years old
✔✔Class A and Class B Must operate - ✔✔under the name the license was issued
✔✔A class A license is required when a single contract is worth more than? -
✔✔$120,000.00
✔✔When may a license be transfered? - ✔✔Never
✔✔What code to follow for new additions to a building - ✔✔Current Code
✔✔What is calculated in Project Overhead - ✔✔Supervisor Saleries
✔✔Lead Exposure - ✔✔1978
✔✔Miller Act - ✔✔1 Year
✔✔Working Capital - ✔✔current assets - current liabilities
✔✔Bid Price - ✔✔(Dir Cost * 100 ) / (100-%)
✔✔Equity - ✔✔Assets - Liabilities
✔✔Debt to Equity Ratio - ✔✔Total Debt/Total Equity
✔✔Quick Ratio - ✔✔(Current Assets - Inventory) / Current Liabilities
✔✔Return on Invest - ✔✔Net Income / Total Assets
✔✔Class A min net worth and Application Fee - ✔✔$45,000 and $385
✔✔Class B min net worth and Application Fee - ✔✔$15,000 and $370
