VA Contractors: General (Class A or B)
Exam 2025 Questions and Answers
Which of the following estimating methods is typically used by the architect rather
than the contractor? - --CORRECT ANSWER--Conceptual estimate
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... - --
CORRECT ANSWER--cost plus contract
Equipment needs for a project are BEST estimated by... - --CORRECT
ANSWER--Calculating the number of hours or days it is needed
What type of insurance is needed for a partnership to insure that the business does
NOT go out of business if one partner dies? - --CORRECT ANSWER--Key man
An owner hires a construction manager for a project. Which of the following is
TRUE with regard to subcontractors? - --CORRECT ANSWER--The
subcontractors are prime contractors
What protects a contractor from risk? - --CORRECT ANSWER--Insurance
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, An ADVANTAGE of a Critical Path Method (CPM) schedule is it... - --
CORRECT ANSWER--Identifies activities that MUST be completed before other
activities can occur
What may be covered by an allowance in a contract? - --CORRECT ANSWER--
Light fixture costs
Which of the following is considered ethical behavior? - --CORRECT ANSWER--
Failing to disclose one subcontractor's bid to another
Compensation paid to independent contractors is reported on Form... - --
CORRECT ANSWER--1099
The BEST business practice for special-ordered materials is to... - --CORRECT
ANSWER--put the order requirements in writing
A contract refers to an insurance agreement that the contractor is REQUIRED to
have. This is considered... - --CORRECT ANSWER--Part of the contract
Records of an employee's exposure to hazardous materials MUST be kept a
MINIMUM of how many years? - --CORRECT ANSWER--30 years
AT LEAST how often should employees watch for possible hazards at the job
site? - --CORRECT ANSWER--constantly
An employee can request to receive advance earned income credit on Form... - --
CORRECT ANSWER--W-5
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
Exam 2025 Questions and Answers
Which of the following estimating methods is typically used by the architect rather
than the contractor? - --CORRECT ANSWER--Conceptual estimate
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... - --
CORRECT ANSWER--cost plus contract
Equipment needs for a project are BEST estimated by... - --CORRECT
ANSWER--Calculating the number of hours or days it is needed
What type of insurance is needed for a partnership to insure that the business does
NOT go out of business if one partner dies? - --CORRECT ANSWER--Key man
An owner hires a construction manager for a project. Which of the following is
TRUE with regard to subcontractors? - --CORRECT ANSWER--The
subcontractors are prime contractors
What protects a contractor from risk? - --CORRECT ANSWER--Insurance
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1
, An ADVANTAGE of a Critical Path Method (CPM) schedule is it... - --
CORRECT ANSWER--Identifies activities that MUST be completed before other
activities can occur
What may be covered by an allowance in a contract? - --CORRECT ANSWER--
Light fixture costs
Which of the following is considered ethical behavior? - --CORRECT ANSWER--
Failing to disclose one subcontractor's bid to another
Compensation paid to independent contractors is reported on Form... - --
CORRECT ANSWER--1099
The BEST business practice for special-ordered materials is to... - --CORRECT
ANSWER--put the order requirements in writing
A contract refers to an insurance agreement that the contractor is REQUIRED to
have. This is considered... - --CORRECT ANSWER--Part of the contract
Records of an employee's exposure to hazardous materials MUST be kept a
MINIMUM of how many years? - --CORRECT ANSWER--30 years
AT LEAST how often should employees watch for possible hazards at the job
site? - --CORRECT ANSWER--constantly
An employee can request to receive advance earned income credit on Form... - --
CORRECT ANSWER--W-5
....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 2
