Virginia Contractor General Practice Test

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Prepare for the Virginia Contractor General Test with confidence. Our comprehensive quizzes feature multiple-choice questions with hints and detailed explanations. Equip yourself for success in obtaining your contractor license.

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What is considered a 'Class A' contract that is subject to specific licensing requirements?

Any contract under $50,000
Any contract over $70,000
Any contract over $120,000
Any contract over $200,000

The correct answer is: Any contract over $120,000

A 'Class A' contract refers to a specific classification of construction contracts in Virginia which requires a contractor to hold a Class A license. Such licenses are typically required for larger-scale projects due to the complexities and financial investments involved. In Virginia, a 'Class A' license is necessary for contracts that exceed $120,000. This threshold is established to ensure that only those contractors with sufficient experience, financial stability, and capability manage higher-value projects, which often involve greater public interest and risk. Contracts below this amount generally fall into the 'Class B' or 'Class C' category, which have different licensing requirements. This tiered licensing system helps to regulate the construction industry, ensuring that contractors are suitably qualified for the work they undertake based on project size and complexity. The other values provided in the options would not accurately represent the threshold for 'Class A' licensing, which underscores the importance of understanding these classifications for both compliance and the effective management of contracting work.