VA CONTRACTOR CERTIFICATION
EXAMINATION TEST 2026 COMPLETE
QUESTIONS AND SOLUTIONS 100%
CORRECT
◉ 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.... Answer: cost plus contract
◉ Equipment needs for a project are BEST estimated by.... 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? Answer: Key
man
◉ An owner hires a construction manager for a project. Which of the
following is TRUE with regard to subcontractors? Answer: The
subcontractors are prime contractors
, ◉ What protects a contractor from risk? Answer: Insurance
◉ An ADVANTAGE of a Critical Path Method (CPM) schedule is it....
Answer: Identifies activities that MUST be completed before other
activities can occur
◉ What may be covered by an allowance in a contract? Answer: Light
fixture costs
◉ Which of the following is considered ethical behavior? Answer:
Failing to disclose one subcontractor's bid to another
◉ Compensation paid to independent contractors is reported on Form....
Answer: 1099
◉ The BEST business practice for special-ordered materials is to....
Answer: put the order requirements in writing
◉ A contract refers to an insurance agreement that the contractor is
REQUIRED to have. This is considered.... Answer: Part of the contract
◉ Records of an employee's exposure to hazardous materials MUST be
kept a MINIMUM of how many years? Answer: 30 years
EXAMINATION TEST 2026 COMPLETE
QUESTIONS AND SOLUTIONS 100%
CORRECT
◉ 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.... Answer: cost plus contract
◉ Equipment needs for a project are BEST estimated by.... 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? Answer: Key
man
◉ An owner hires a construction manager for a project. Which of the
following is TRUE with regard to subcontractors? Answer: The
subcontractors are prime contractors
, ◉ What protects a contractor from risk? Answer: Insurance
◉ An ADVANTAGE of a Critical Path Method (CPM) schedule is it....
Answer: Identifies activities that MUST be completed before other
activities can occur
◉ What may be covered by an allowance in a contract? Answer: Light
fixture costs
◉ Which of the following is considered ethical behavior? Answer:
Failing to disclose one subcontractor's bid to another
◉ Compensation paid to independent contractors is reported on Form....
Answer: 1099
◉ The BEST business practice for special-ordered materials is to....
Answer: put the order requirements in writing
◉ A contract refers to an insurance agreement that the contractor is
REQUIRED to have. This is considered.... Answer: Part of the contract
◉ Records of an employee's exposure to hazardous materials MUST be
kept a MINIMUM of how many years? Answer: 30 years
