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Naslca Virginia Exam Practice questions qnd 100%correct answers

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What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - correct answer $500 fine per day for each day of violation plus penalties for a misdemeanor. All Class A contractor licensure applications MUST include - correct answer information on the knowledge, skills, and abilities of the applicant. What is the PRIMARY purpose of licensing? - correct answer Protect the health and welfare of the public. When a claimant is paid funds from the Contractors Recovery Trust Fund - correct answer the contractor's license is revoked. !!! The application for licensure MUST include - correct answer the business address of the proposed designated employee. Which of the following is a requirement for a joint venture? - correct answer Either the joint venture or each contracting party of the joint venture must be licensed. All of the following must be licensed EXCEPT - correct answer a material supplier who advises a contractor. How much is the Class A initial license fee? - correct answer $200 A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? - correct answer 30 days According to the Board Rules and Regulations, a full-time employee is one who works a MINIMUM of how many hours per week? - correct answer 30 hours. A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of - correct answer $15,000.

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Naslca Virginia Exam Practice
What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of
license? - ✔✔ correct answer $500 fine per day for each day of violation plus penalties for a
misdemeanor.



All Class A contractor licensure applications MUST include - ✔✔ correct answer information on the
knowledge, skills, and abilities of the applicant.



What is the PRIMARY purpose of licensing? - ✔✔ correct answer Protect the health and welfare of
the public.



When a claimant is paid funds from the Contractors Recovery Trust Fund - ✔✔ correct answer the
contractor's license is revoked. !!!



The application for licensure MUST include - ✔✔ correct answer the business address of the
proposed designated employee.



Which of the following is a requirement for a joint venture? - ✔✔ correct answer Either the joint
venture or each contracting party of the joint venture must be licensed.



All of the following must be licensed EXCEPT - ✔✔ correct answer a material supplier who advises a
contractor.



How much is the Class A initial license fee? - ✔✔ correct answer $200



A licensee's name change MUST be reported to the Board within a MAXIMUM of how many days? -
✔✔ correct answer 30 days



According to the Board Rules and Regulations, a full-time employee is one who works a MINIMUM of
how many hours per week? - ✔✔ correct answer 30 hours.



A firm desiring to be licensed as a Class B contractor MUST have a MINIMUM net worth of - ✔✔
correct answer $15,000.



According to the Board Rules and Regulations, which of the following could be a qualified individual?
- ✔✔ correct answer Any full-time employee.

,Naslca Virginia Exam Practice

An appeal of the local building official's decision to refuse to grant a modification to the USBC MUST
be made to the local building board within a MAXIMUM of how many days? - ✔✔ correct answer 90
days.



A building official MUST issue a certificate of occupancy for a building that meets all the
requirements for a certificate within a MAXIMUM of how many working days after the certificate was
requested? - ✔✔ correct answer 5



Additions to buildings MUST comply with - ✔✔ correct answer the current code for new
construction.



When MUST the work be stopped following the issuance of a stop work order? - ✔✔ correct answer
Immediately



Who is to be in charge of a local building department? - ✔✔ correct answer Building official.



Contractors who are assessed a fee to support the Transaction Recovery Fund MUST pay this fee
within a MINIMUM of how many days from when the assessment fee notice was mailed? - ✔✔
correct answer 45 days



Contractors will be assessed a fee for the Transaction Recovery Fund whenever the fund balance is
less than - ✔✔ correct answer $400,000.



Payments made by the Transaction Recovery Fund to claimants may include an amount for - ✔✔
correct answer attorneys' fees.



A contract for which of the following types of structures may be subject to recovery from the
Transaction Recovery Fund? - ✔✔ correct answer Residential only.



A verified claim for payment from the Transaction Recovery Fund MUST occur within a MAXIMUM of
what period of time from the date the claimant was awarded a final judgment? - ✔✔ correct answer
12 months.



An appeal of a final decision of a county on an erosion control plan MUST be filed within a
MAXIMUM of how many days? - ✔✔ correct answer 30 days.

, Naslca Virginia Exam Practice

Temporary erosion and sediment control measures MUST be removed within a MAXIMUM of how
many days after the final site stabilization? - ✔✔ correct answer 30 days.



Which of the following statements about a sole proprietorship is TRUE? - ✔✔ correct answer The
business, or any part of it, can be sold, altered, or exchanged at will.



What type of business organization allows people to share financial resources? - ✔✔ correct answer
Partnership.



Which of the following estimating methods is typically used by the architect rather than the
contractor? - ✔✔ correct answer Conceptual estimate.



Equipment needs for a project are BEST estimated by - ✔✔ correct answer calculating the number of
hours or days it is needed.



What should be added to wage rates to ensure accuracy in estimating labor for a project? - ✔✔
correct answer Labor burden.



A reason for using a lower than usual profit markup for a specific project could be to - ✔✔ correct
answer cover company overhead costs.



Which of the following is a TRUE statement about estimating? - ✔✔ correct answer Both
overestimating and underestimating costs could have disastrous consequences.



A contractor should do all of the following when estimating a project EXCEPT - ✔✔ correct answer
assume ideal conditions



What MUST be included in an estimate for a job? - ✔✔ correct answer Materials, labor, equipment,
and overhead costs.



Costs that relate to construction activity but are NOT easily identifiable for a specific project are
considered - ✔✔ correct answer project overhead.

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