Ace the Virginia Contractor Exam 2025 – Build Your Path to Success!

Question: 1 / 400

A contractor is required to have a Class A license if a contract awards more than what amount per payment?

$50,000.00

$100,000.00

$120,000.00

In Virginia, a contractor must hold a Class A license when the total value of a single contract exceeds $120,000. This licensing structure ensures that contractors working on larger projects are adequately qualified and experienced to handle the complexities and financial responsibilities involved. A Class A license allows contractors to bid on larger construction projects, which can include both residential and commercial work, ensuring that they meet the state’s standards for financial responsibility and technical expertise.

Paying attention to the thresholds for different license classes is crucial in the contracting field. A Class B license, for example, is applicable for contracts valued between $10,000 and $120,000, while a Class C license is for contracts worth up to $10,000. Understanding these limits helps contractors navigate their obligations and the types of projects they can undertake legally. In this case, the requirement for a Class A license at the $120,000 threshold is correctly identified, as it reflects the state's regulatory framework aimed at protecting both consumers and the integrity of the construction industry.

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$150,000.00

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