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

Which statement correctly describes Virginia Class B contractor thresholds under § 54.1-1100?

A single contract or project of USD 30,000 or more but less than USD 150,000, or 12-month volume of USD 250,000 or more but less than USD 1 million A single contract of USD 150,000 or more, or 12-month volume of USD 1 million or more A single contract over USD 1,000 but less than USD 30,000, or 12-month volume under USD 250,000 Any project under USD 250,000 with no annual-volume test

Correct Answer:

A single contract or project of USD 30,000 or more but less than USD 150,000, or 12-month volume of USD 250,000 or more but less than USD 1 million

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