10/1/25, 5:39 PM VA Contractors: General (Class A or B) <span style="color:#000;font-weight:bold;">50+</span> (2025-2026 A+ Graded) Exam-Styl…
VA Contractors: General (Class A or B)
Questions and Answers
Question 1
Which of the following estimating methods is typically used by the architect rather
than the contractor?
Correct Answer
Conceptual estimate
Question 2
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...
Correct Answer
cost plus contract
Question 3
Equipment needs for a project are BEST estimated by...
Correct Answer
Calculating the number of hours or days it is needed
Question 4
What type of insurance is needed for a partnership to insure that the business does
NOT go out of business if one partner dies?
Correct Answer
Key man
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, 10/1/25, 5:39 PM VA Contractors: General (Class A or B) <span style="color:#000;font-weight:bold;">50+</span> (2025-2026 A+ Graded) Exam-Styl…
Question 5
An owner hires a construction manager for a project. Which of the following is TRUE
with regard to subcontractors?
Correct Answer
The subcontractors are prime contractors
Question 6
What protects a contractor from risk?
Correct Answer
Insurance
Question 7
An ADVANTAGE of a Critical Path Method (CPM) schedule is it...
Correct Answer
Identifies activities that MUST be completed before other activities can occur
Question 8
What may be covered by an allowance in a contract?
Correct Answer
Light fixture costs
Question 9
Which of the following is considered ethical behavior?
Correct Answer
Failing to disclose one subcontractor's bid to another
Question 10
Compensation paid to independent contractors is reported on Form...
Correct Answer
1099
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VA Contractors: General (Class A or B)
Questions and Answers
Question 1
Which of the following estimating methods is typically used by the architect rather
than the contractor?
Correct Answer
Conceptual estimate
Question 2
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...
Correct Answer
cost plus contract
Question 3
Equipment needs for a project are BEST estimated by...
Correct Answer
Calculating the number of hours or days it is needed
Question 4
What type of insurance is needed for a partnership to insure that the business does
NOT go out of business if one partner dies?
Correct Answer
Key man
Page 1 of 11
1/11
, 10/1/25, 5:39 PM VA Contractors: General (Class A or B) <span style="color:#000;font-weight:bold;">50+</span> (2025-2026 A+ Graded) Exam-Styl…
Question 5
An owner hires a construction manager for a project. Which of the following is TRUE
with regard to subcontractors?
Correct Answer
The subcontractors are prime contractors
Question 6
What protects a contractor from risk?
Correct Answer
Insurance
Question 7
An ADVANTAGE of a Critical Path Method (CPM) schedule is it...
Correct Answer
Identifies activities that MUST be completed before other activities can occur
Question 8
What may be covered by an allowance in a contract?
Correct Answer
Light fixture costs
Question 9
Which of the following is considered ethical behavior?
Correct Answer
Failing to disclose one subcontractor's bid to another
Question 10
Compensation paid to independent contractors is reported on Form...
Correct Answer
1099
Page 2 of 11
2/11
