VA Contractor Business Exams case studies
VA Contractor Business Exams · Put your knowledge to work in context.
The Contractor Business Examination is the business-and-law test in Virginia's two-part contractor licensing exam sequence. The Board for Contractors licenses firms that build, remove, repair, or improve facilities on property owned by others, and every contractor license has two components: the class (A, B, or C), which sets the monetary value of contracts and projects a firm may perform, and the classification or specialty, which sets the type of work allowed. The VA Contractor Business Exams case studies are 5 cases and about 4,324 words.
1Buying Work: Overhead Recovery on a Thin-Margin Buildout
Riverbend Interiors LLC holds a Class B Virginia contractor license and closed last year at 520,000 in revenue. Fixed overhead - office rent, liability and workers' compensation insurance, two trucks, and the owner's salary - runs 138,000 a year.
788 words, about 4 min2The Two-Piece Contract and the Unlicensed Framing Crew
Marcus Hale has operated as a sole proprietor under a Class B Virginia contractor license issued to "Marcus Hale t/a Tidewater Builders." He has now formed Tidewater Builders LLC and has already signed a 190,000 warehouse office buildout in the LLC's name. The owner's representative suggested writing the work as two 95,000 contracts "so it stays under your Class B limit." Tidewater's volume last year was 640,000, and Marcus already has 300,000 of work booked in the current license year.
814 words, about 4 min3The Subcontractor Who Withdrew Two Hours After Bid Opening
You are low bidder at 2,310,000 on a Virginia county middle-school renovation. Your bid carried the electrical subcontractor's quote of 148,000.
877 words, about 4 min4Verbal Change, Late Submittal, and a Liquidated Damages Clock
Halbrook Construction is 70 days into a 120-day, 1.4M warehouse upfit with a 12,000-per-day liquidated damages clause. The owner's representative told the superintendent verbally to add a 900-square-foot mezzanine - roughly $84,000 - and the superintendent started framing it the same week with no paperwork.
915 words, about 5 min5VOSH Walk-In: Fall Exposure, the Controlling Employer, and the Indemnity Clause
You are construction manager at risk on a three-story mixed-use project. A VOSH compliance officer arrives in response to a complaint.
930 words, about 5 min