Exam Practice Questions And Correct

Virginia Class A Contractor Licensing Exam Practice Questions And Correct Answers (Verified Answers) Plus Rationales 2026 Q&A | Instant Download Pdf

• Which entity is responsible for issuing contractor licenses in Virginia?
• Department of Labor
• Virginia Board for Contractors
• Virginia Department of Transportation
• Virginia Real Estate Board
• Virginia Board for Contractors

Rationale: The Virginia Board for Contractors is the official authority

that issues and regulates contractor licenses in the state.

• What is the minimum net worth requirement for a Class A contractor

license in Virginia? 1 / 4

A. $45,000

B. $50,000

C. $75,000

D. $120,000

C. $75,000

Rationale: Virginia law requires Class A applicants to demonstrate a

net worth of at least $75,000 to ensure financial stability.

• How many years of experience in construction management are

generally required for a Class A license?

• 1 year
• 2 years
• 5 years
• 10 years
• 5 years

Rationale: Applicants must have a minimum of 5 years of experience

in contracting or construction management for Class A licensure.

• Which of the following is required for all Virginia contractor license

applicants?

• Passing a business and law exam
• Having a safety certification
• Proof of vehicle ownership
• Membership in a trade union
• Passing a business and law exam 2 / 4

Rationale: All applicants must pass a business and law exam to

demonstrate knowledge of Virginia construction law and regulations.

• Which type of insurance is mandatory for contractors in Virginia?
• Life insurance
• Liability insurance
• Health insurance
• Disability insurance
• Liability insurance

Rationale: Contractors must carry general liability insurance to

protect against property damage and bodily injury claims.

• What is the maximum amount a Class A contractor can contract for

without additional licensing?

A. $10,000

B. $50,000

C. $120,000

• No limit
• No limit

Rationale: Class A contractors are authorized to bid and perform

work of any dollar amount in Virginia.

• Which Virginia agency enforces workplace safety regulations on

construction sites?

A. OSHA 3 / 4

• Virginia Department of Labor and Industry (DOLI)

C. EPA

• Board of Contractors
• Virginia Department of Labor and Industry (DOLI)

Rationale: DOLI enforces state-specific occupational safety standards

for construction, in addition to federal OSHA regulations.

• Which financial statement is most commonly used to verify an

applicant’s net worth?

• Profit and loss statement
• Balance sheet
• Cash flow statement
• Statement of retained earnings
• Balance sheet

Rationale: The balance sheet shows assets, liabilities, and equity,

which is used to determine net worth.

• What is the primary purpose of a construction lien?
• To increase project profits
• To provide security for unpaid labor or materials
• To penalize contractors for delays
• To adjust contract terms
• To provide security for unpaid labor or materials

Rationale: A lien allows contractors or suppliers to secure payment

for work performed or materials supplied.

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