Virginia Contractor General Practice Test

Question: 1 / 400

If a contractor earns more than what amount per year, they are required to obtain a Class A license?

$250,000.00

$500,000.00

$750,000.00

In Virginia, a contractor must obtain a Class A license if their gross revenues from contracting activities exceed $750,000 in a 12-month period. This requirement is set to ensure that contractors handling larger projects have the necessary experience, financial stability, and compliance with industry standards to protect consumers and maintain the integrity of the construction industry. Class A licensure reflects the contractor's capability to manage substantial contracts effectively, which is crucial for larger-scale projects that may involve more complex regulations, a higher level of liability, and greater financial risk.

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$1,000,000.00

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