VA Class B DE Practice Questions - Virginia Class B Contractor Business Examination Exam

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A Class B applicant cannot document the required net worth. Under 18VAC50-22-50, what financial alternative may the firm use?

A USD 15,000 cashier’s check deposited with DPOR A USD 50,000 surety bond on the Board’s bond form A USD 45,000 net-worth affidavit signed by the designated employee A personal guarantee from every member of responsible management with no dollar floor

Correct Answer:

A USD 50,000 surety bond on the Board’s bond form

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