Question 1
Under Code of Virginia § 54.1-1100, a Class B contractor may perform or manage a single contract or project when the total value is which of the following?
Correct Answer:
USD 30,000 or more but less than USD 150,000
Question 2
A Virginia firm’s total construction, removal, repair, or improvement work in a 12-month period is USD 400,000, and no single contract reaches USD 150,000. Which license class is required?
Correct Answer:
Class B, because 12-month volume is USD 250,000 or more but less than USD 1 million
Question 3
Which single-contract value requires a Virginia Class A contractor license rather than Class B?
Correct Answer:
USD 150,000
Question 4
For a Virginia Class B license, the qualified individual named for each classification or specialty must have at least how much experience in that classification or specialty?
Correct Answer:
3 years
Question 5
A Class B applicant cannot document the required net worth. Under 18VAC50-22-50, what financial alternative may the firm use?
Correct Answer:
A USD 50,000 surety bond on the Board’s bond form
Question 1
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Prepare with the VA Class B DE Practice Questions - Virginia Class B Contractor Business Examination Exam practice quiz. This question bank includes 100 questions covering virginia, contractor, class, contract, and firm. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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

This practice set contains 100 questions from the matching question bank and focuses on virginia, contractor, class, contract, and firm. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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