VA Contractors: VA Advanced (Class A)
CERTIFICATION TEST STUDY GUIDE 2025/2026
QUESTIONS BANK AND VERIFIED CORRECT SOLUTIONS
WITH RATIONALES || 100% GUARANTEED PASS
<RECENT VERSION>
1. A contractor does not notify a change of address and so does not receive a
timely Notice of Renewal. Who is responsible? - ANSWER ✓ The licensee
Contractor
2. A designated Employee should be - ANSWER ✓ 18+, FT, pass exam
3. What is the initial Recovery Fund Fee? - ANSWER ✓ $25
4. If a contractor earns more than $_______ per year, then the contractor
requires a Class A license - ANSWER ✓ $750k
5. If a contract awards more than $_____________ per year, then the
contractor requires a Class A license - ANSWER ✓ $120k
6. An Erosion control conservation plan needs to be approved within ___ days
- ANSWER ✓ 45 days
7. Where do you go to file an appeal of a violation to the USBC provisions? -
ANSWER ✓ To the BBCA
8. A contractor is required to submit a renewal within ___ days of the
expiration - ANSWER ✓ 30 days
9. Who can file a complaint against a contractor? - ANSWER ✓ Any person
,10.What is required when changing the for of entity from a sole proprietorship
to corp? - ANSWER ✓ a new license
11.What is the max fund allowed for a single contractor? - ANSWER ✓
$40,000
12.To whom should a stop work order be given? - ANSWER ✓ owner, owners
agent, or the person doing the work
13.Within how many days should be submitted an appeal for construction? -
ANSWER ✓ 90 days
14.An appeal of the local building officials decision to refuse to grant a
modification to the USBC MUST be made to the local BBCA within a Max
of how many days? - ANSWER ✓ 90 days
15.Documents related to a contract should be kept for ___ years - ANSWER ✓
5 years
16.where should one set of all approved building documents be kept? -
ANSWER ✓ at the building site
17.A lump sum contract on a project has a total contract price of $160,000.
Retainage has been held back at 10%. The contractor has received progress
payments for 75% of the project. The contractor submits a request for final
payment for the new completed project. The final payment amount should
be for... - ANSWER ✓ More than $50,000
18.What is the total value of current assets for an accrual basis company that
has the following? Checking account cash balance is $4,800; materials
inventory for work-in-progress is $4,200; a pick-up truck that cost $12,460-
paid for with $2,460 in cash and a note for $10,000- and is used 100% in the
business; accounts receivable is $5,700; suppliers' accounts payable is
$6,300; other accounts payable is $2,200; and quarterly income tax payment
due is $1,180... - ANSWER ✓ Between $12,000 and $16,000
19.What is the total project overhead for a project that lasts 3 months and has
the following costs? Labor is $4,000; materials are $9,500; equipment
, rentals are $1,200; superintendent's annual salary is $36,000; office rent is
$800 per month; and office utilities are $375 per month. - ANSWER ✓ Less
than $12,000
20.For 1 month a company bills out $38,000 in completed work, and receives
$22,000 in payments plus $8,000 from the previous month's billings. They
pay their total bill of $26,000 to supply houses for this month's purchases,
and another $5,000 to supply houses for last month's purchases. Using a cash
accounting method and NOT considering any other revenue or expenses,
what is the company's net income for the month? - ANSWER ✓ Loss of
$1,000
21.The owner requests for change which will cost the contractor $15,000 in
labor and materials and $2,250 in overhead costs. With the change, the
contractor would be relieved of $18,000 in labor and materials costs, and
$2,400 in overhead costs from the original contract. The original bid
included profit of 20% of all costs. The contractor wants to make a profit of
20% of all costs on the changes. The adjusted contract price for the change
order should be... - ANSWER ✓ A decrease of $3,780
22.Which of the following would typically be covered by a contractor's
comprehensive general liability insurance policy? - ANSWER ✓ Damage to
adjoining property from a crane accident
23.What is the total gross compensation and employment status for a carpenter,
given the following information? A contractor hires a carpenter to do the
finish work for a 10-home project. The carpenter is to be paid $16 per hour.
The contractor provides all materials and equipment, such as a table saw.
The carpenter provides all of his own hand tools. The contractor and the
carpenter agree that all of the homes are to be completed within 60 8-hour
working days, without overtime. The contractor provides the carpenter with
a schedule of the order in which homes are to be worked on. The contractor
provides a helper to assist the carpenter. The contractor sets the work
schedule each day. The carpenter spends 600 hours to complete this project,
including 120 hours of overtime. - ANSWER ✓ The carpenter is an
employee and is owed $10,560 for the project
, 24.What is the name of the process when a facilitator meets with the major
participants in a project, prior to the commencement of the project, to
identify the shared goals of all participants? - ANSWER ✓ Partnering
25.What is the average collection period ratio for a firm that has $365,000 in
annual revenues, $6,600 in current receivables, and net income of $32,000? -
ANSWER ✓ 6.6
26.Who oversees compliance with Material Safety Data Sheets? - ANSWER ✓
OSHA
27.A non-exempt employee of a contractor covered by the Fair Labor Standards
Act works 60 hours during a workweek. The agreement is to pay the
employee $400 each week regardless of the numbers of hours worked. What
should be the employee's gross pay for the worksheet? - ANSWER ✓
$700.50
28.In the previous year, a company had revenues of $500,000 project overhead
of $40,000 and company overhead of $75,000. The company expects the
percentage for project and company overhead to remain the same for the
current year. The company desires to make a 10% profit on a project it is
bidding. The project would have $80,000 in direct costs. What should the
bid price be? - ANSWER ✓ Between $110,000 and $120,000
29.How much state income tax MUST be paid by a corporation that has
$30,000 of Federal taxable income? The company deducted $2,000 of state
and local taxes on the Federal return, and had $2,000 of qualified worker
retraining expenses. The corporation does business ONLY in Virginia. -
ANSWER ✓ $1,080
30.How much is an employer who withheld employee Medicare and Social
Security taxes or $765 required to send to the IRS? - ANSWER ✓ $1,530
31.An insurer offers the contractor a 20% per year reduction in premiums if the
contractor has a defied safety program in place. The insurer's standard rates
are $8 per $1,000 of coverage. The contractor has $300,000 in coverage.
How much in premiums will the contractor save a 3-year period by having a
defined safety program in place? - ANSWER ✓ Between $1,001 and $1,500
CERTIFICATION TEST STUDY GUIDE 2025/2026
QUESTIONS BANK AND VERIFIED CORRECT SOLUTIONS
WITH RATIONALES || 100% GUARANTEED PASS
<RECENT VERSION>
1. A contractor does not notify a change of address and so does not receive a
timely Notice of Renewal. Who is responsible? - ANSWER ✓ The licensee
Contractor
2. A designated Employee should be - ANSWER ✓ 18+, FT, pass exam
3. What is the initial Recovery Fund Fee? - ANSWER ✓ $25
4. If a contractor earns more than $_______ per year, then the contractor
requires a Class A license - ANSWER ✓ $750k
5. If a contract awards more than $_____________ per year, then the
contractor requires a Class A license - ANSWER ✓ $120k
6. An Erosion control conservation plan needs to be approved within ___ days
- ANSWER ✓ 45 days
7. Where do you go to file an appeal of a violation to the USBC provisions? -
ANSWER ✓ To the BBCA
8. A contractor is required to submit a renewal within ___ days of the
expiration - ANSWER ✓ 30 days
9. Who can file a complaint against a contractor? - ANSWER ✓ Any person
,10.What is required when changing the for of entity from a sole proprietorship
to corp? - ANSWER ✓ a new license
11.What is the max fund allowed for a single contractor? - ANSWER ✓
$40,000
12.To whom should a stop work order be given? - ANSWER ✓ owner, owners
agent, or the person doing the work
13.Within how many days should be submitted an appeal for construction? -
ANSWER ✓ 90 days
14.An appeal of the local building officials decision to refuse to grant a
modification to the USBC MUST be made to the local BBCA within a Max
of how many days? - ANSWER ✓ 90 days
15.Documents related to a contract should be kept for ___ years - ANSWER ✓
5 years
16.where should one set of all approved building documents be kept? -
ANSWER ✓ at the building site
17.A lump sum contract on a project has a total contract price of $160,000.
Retainage has been held back at 10%. The contractor has received progress
payments for 75% of the project. The contractor submits a request for final
payment for the new completed project. The final payment amount should
be for... - ANSWER ✓ More than $50,000
18.What is the total value of current assets for an accrual basis company that
has the following? Checking account cash balance is $4,800; materials
inventory for work-in-progress is $4,200; a pick-up truck that cost $12,460-
paid for with $2,460 in cash and a note for $10,000- and is used 100% in the
business; accounts receivable is $5,700; suppliers' accounts payable is
$6,300; other accounts payable is $2,200; and quarterly income tax payment
due is $1,180... - ANSWER ✓ Between $12,000 and $16,000
19.What is the total project overhead for a project that lasts 3 months and has
the following costs? Labor is $4,000; materials are $9,500; equipment
, rentals are $1,200; superintendent's annual salary is $36,000; office rent is
$800 per month; and office utilities are $375 per month. - ANSWER ✓ Less
than $12,000
20.For 1 month a company bills out $38,000 in completed work, and receives
$22,000 in payments plus $8,000 from the previous month's billings. They
pay their total bill of $26,000 to supply houses for this month's purchases,
and another $5,000 to supply houses for last month's purchases. Using a cash
accounting method and NOT considering any other revenue or expenses,
what is the company's net income for the month? - ANSWER ✓ Loss of
$1,000
21.The owner requests for change which will cost the contractor $15,000 in
labor and materials and $2,250 in overhead costs. With the change, the
contractor would be relieved of $18,000 in labor and materials costs, and
$2,400 in overhead costs from the original contract. The original bid
included profit of 20% of all costs. The contractor wants to make a profit of
20% of all costs on the changes. The adjusted contract price for the change
order should be... - ANSWER ✓ A decrease of $3,780
22.Which of the following would typically be covered by a contractor's
comprehensive general liability insurance policy? - ANSWER ✓ Damage to
adjoining property from a crane accident
23.What is the total gross compensation and employment status for a carpenter,
given the following information? A contractor hires a carpenter to do the
finish work for a 10-home project. The carpenter is to be paid $16 per hour.
The contractor provides all materials and equipment, such as a table saw.
The carpenter provides all of his own hand tools. The contractor and the
carpenter agree that all of the homes are to be completed within 60 8-hour
working days, without overtime. The contractor provides the carpenter with
a schedule of the order in which homes are to be worked on. The contractor
provides a helper to assist the carpenter. The contractor sets the work
schedule each day. The carpenter spends 600 hours to complete this project,
including 120 hours of overtime. - ANSWER ✓ The carpenter is an
employee and is owed $10,560 for the project
, 24.What is the name of the process when a facilitator meets with the major
participants in a project, prior to the commencement of the project, to
identify the shared goals of all participants? - ANSWER ✓ Partnering
25.What is the average collection period ratio for a firm that has $365,000 in
annual revenues, $6,600 in current receivables, and net income of $32,000? -
ANSWER ✓ 6.6
26.Who oversees compliance with Material Safety Data Sheets? - ANSWER ✓
OSHA
27.A non-exempt employee of a contractor covered by the Fair Labor Standards
Act works 60 hours during a workweek. The agreement is to pay the
employee $400 each week regardless of the numbers of hours worked. What
should be the employee's gross pay for the worksheet? - ANSWER ✓
$700.50
28.In the previous year, a company had revenues of $500,000 project overhead
of $40,000 and company overhead of $75,000. The company expects the
percentage for project and company overhead to remain the same for the
current year. The company desires to make a 10% profit on a project it is
bidding. The project would have $80,000 in direct costs. What should the
bid price be? - ANSWER ✓ Between $110,000 and $120,000
29.How much state income tax MUST be paid by a corporation that has
$30,000 of Federal taxable income? The company deducted $2,000 of state
and local taxes on the Federal return, and had $2,000 of qualified worker
retraining expenses. The corporation does business ONLY in Virginia. -
ANSWER ✓ $1,080
30.How much is an employer who withheld employee Medicare and Social
Security taxes or $765 required to send to the IRS? - ANSWER ✓ $1,530
31.An insurer offers the contractor a 20% per year reduction in premiums if the
contractor has a defied safety program in place. The insurer's standard rates
are $8 per $1,000 of coverage. The contractor has $300,000 in coverage.
How much in premiums will the contractor save a 3-year period by having a
defined safety program in place? - ANSWER ✓ Between $1,001 and $1,500
