VA CONTRACTORS : GENERAL (CLASS A OR B) EXAM QUESTIONS AND
ANSWERS GRADED A+ 100% VERIFIED.
1. Which of the following estimating methods is typically used by the architect
rather than the contractor? ANS >> 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... ANS >> cost plus contract
3. Equipment needs for a project are BEST estimated by... ANS >>
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? ANS >> Key
man
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, 5. An owner hires a construction manager for a project. Which of the following
is TRUE with regard to subcontractors? ANS >> The subcontractors are prime
contrac- tors
6. What protects a contractor from risk? ANS >> Insurance
7. An ADVANTAGE of a Critical Path Method (CPM) schedule is it... ANS >>
Identifies activities that MUST be completed before other activities can occur
8. What may be covered by an allowance in a contract? ANS >> Light fixture cost
9. Which of the following is considered ethical behavior? ANS >> Failing to
disclose one subcontractor's bid to another
10. Compensation paid to independent contractors is reported on Form... A
>> -
1099
11. The BEST business practice for special-ordered materials is to... ANS >>
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... ANS >> Part of the contract
13. Records of an employee's exposure to hazardous materials MUST be kept
a MINIMUM of how many years? ANS >> 30 years
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ANSWERS GRADED A+ 100% VERIFIED.
1. Which of the following estimating methods is typically used by the architect
rather than the contractor? ANS >> 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... ANS >> cost plus contract
3. Equipment needs for a project are BEST estimated by... ANS >>
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? ANS >> Key
man
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, 5. An owner hires a construction manager for a project. Which of the following
is TRUE with regard to subcontractors? ANS >> The subcontractors are prime
contrac- tors
6. What protects a contractor from risk? ANS >> Insurance
7. An ADVANTAGE of a Critical Path Method (CPM) schedule is it... ANS >>
Identifies activities that MUST be completed before other activities can occur
8. What may be covered by an allowance in a contract? ANS >> Light fixture cost
9. Which of the following is considered ethical behavior? ANS >> Failing to
disclose one subcontractor's bid to another
10. Compensation paid to independent contractors is reported on Form... A
>> -
1099
11. The BEST business practice for special-ordered materials is to... ANS >>
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... ANS >> Part of the contract
13. Records of an employee's exposure to hazardous materials MUST be kept
a MINIMUM of how many years? ANS >> 30 years
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