VA Contractor Study guides, Class notes & Summaries

A contractor does not notify a change of address and so does not receive a timely Notice of Renewal. Who is responsible for when the contractor does not renew his license on time? - ANSWER The Licensee Contractor A Designated Employee should be? - ANSWER At least 18, Full Time, Passed Required Exams What is the initial Recovery Fund fee? - ANSWER $25.00 If a contractor ears more that $_______ per year, then the contractor is required to have a Class A. - ANSWER $750,000.00 If a contr...

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - ANSWER $500 fine per day for each day of violation plus penalties for a misdemeanor. All Class A contractor licensure applications MUST include - ANSWER information on the knowledge, skills, and abilities of the applicant. What is the PRIMARY purpose of licensing? - ANSWER Protect the health and welfare of the public. When a claimant is paid funds from the Contractors Recovery Trust F...

What is the MAXIMUM penalty for a contractor who undertakes work without the proper class of license? - ANSWER $500 fine. Which of the following is a requirement for a joint venture? - ANSWER Either the joint venture or each contracting party of the joint venture must be licensed. The application for licensure MUST include - ANSWER the business address of the proposed designated employee. All Class A contractor licensure applications MUST include - ANSWER information on the knowledge, s...

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