Va contractors exam Study guides, Class notes & Summaries

CHAPTER 3 Mortgage Loan Foundations: The Time Value of Money TRUE/FALSE 1. In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 2. One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 3. At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 4. The future value of $800 deposited ...

VA Contractors: VA Advanced (Class A) Exam Questions and Answers 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... - ANS ️️ More than $50,000 What is the total value of current assets for an accrual basis company that has the followin...

VA Contractors Advanced (Class A) Exam Graded A+

Which of the following estimating methods is typically used by the architect rather than the contractor? - 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... - cost plus contract Equipment needs for a project are BEST estimated by... - Calculating the number of hours or days it is needed What type of insurance is needed for a partnership to insure that the bus...

VA Contractors Exam

VA Contractors Exam Questions And Answers (Verified And Updated) Which of the following estimating methods is typically used by the architect rather than the contractor? - answerConceptual 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... - answercost plus contract Equipment needs for a project are BEST estimated by... - answerCalculating the number of hours or days it...

Which of the following estimating methods is typically used by the architect rather than the contractor? - correct 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... - correct answer cost plus contract Equipment needs for a project are BEST estimated by... - correct answer Calculating the number of hours or days it is needed What type of insurance is...

VA Contractors Exam Questions And Answers (Verified And Updated) All Class A contractor licensure applications MUST include... - answerInformation on the knowledge, skills, and abilities of the applicant Which of the following is a requirement for a joint venture? - answerEither the joint venture or each contracting party of the joint venture must be licensed All of the following must be licensed EXCEPT... - answerA material supplier who advises a contractor Payments made by the Transact...

VA CONTRACTORS LICENSE EXAM 2024 WITH 100% CORRECT ANSWERS What is the minimum distance from exposed ground for a wood framing member that is in contact with?? - correct answer 24 inches What is the maximum allowed slope for the top surface of a footing? - correct answer None Where should a drip edge be used? - correct answer Beneath the underlayment What is the minimum height for guard rails for balcony? - correct answer 36 inches What test is performed to determine the drainage ...