VA Contractors: General (Class A or B) Test
Questions and Answers 100% Pass
Which of the following estimating methods is typically used by the architect rather than the contractor?
- 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... - 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
AT LEAST how often should employees watch for possible hazards at the job site? - Answer constantly
An employee can request to receive advance earned income credit on Form... - Answer W-5
A contractor uses funds paid by a project owner to purchase materials to start a different project. The
laborers for the original project do NOT get paid by the contractor. Under the lien law, this is
considered... - Answer Intent to defraud by the contractor
What should be added to wage rates to ensure accuracy in estimating labor for a project? - Answer
Labor burden
What MUST be included in an estimate for a job? - Answer Materials, labor, equipment, and overhead
costs
The 3 PRIMARY elements of a contract are... - Answer offer, acceptance, and consideration
At LEAST how often MUST an employee report information on the number of employees and the
number of new hires in order to meet the requirements of the Child Support Enforcement Act? - Answer
every 2 months
Costs that relate to construction activity but are NOT easily identifiable for a specific project are
considered... - Answer Project overhead
A reason for using a lower than usual profit markup for a specific project could be to... - Answer cover
company overhead costs
Questions and Answers 100% Pass
Which of the following estimating methods is typically used by the architect rather than the contractor?
- 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... - 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
AT LEAST how often should employees watch for possible hazards at the job site? - Answer constantly
An employee can request to receive advance earned income credit on Form... - Answer W-5
A contractor uses funds paid by a project owner to purchase materials to start a different project. The
laborers for the original project do NOT get paid by the contractor. Under the lien law, this is
considered... - Answer Intent to defraud by the contractor
What should be added to wage rates to ensure accuracy in estimating labor for a project? - Answer
Labor burden
What MUST be included in an estimate for a job? - Answer Materials, labor, equipment, and overhead
costs
The 3 PRIMARY elements of a contract are... - Answer offer, acceptance, and consideration
At LEAST how often MUST an employee report information on the number of employees and the
number of new hires in order to meet the requirements of the Child Support Enforcement Act? - Answer
every 2 months
Costs that relate to construction activity but are NOT easily identifiable for a specific project are
considered... - Answer Project overhead
A reason for using a lower than usual profit markup for a specific project could be to... - Answer cover
company overhead costs
