2023 Virginia PSI Business and Law Class A or B Contractor Exam Prep: 2023 Study Review & Practice Exams

Get one step closer to becoming a Virginia contractor with a prep course designed by 1 Exam Prep to help you conquer the required Virginia Business examination with PSI.Use the online course structure to tailor your prep to your individual learning style. You’ll have a full year of access to the online course.Test-taking techniques and tipsHighlighting and tabbing locations for the books, so you can quickly and easily reference your materials during the exam (tabs and books sold separately)Practice questions for the Virginia portion, general portion, and advanced portion of the examClass A/B License Requirements:Virginia requires two licenses to become a contractor: Business / Law and Technical. This Class A/B license covers the business and law portion and is required by the designated employee or member of responsible management. There is an 8-hour Pre-License requirement for all new Virginia Contractors. The same person who takes the Pre-License course must be the same person who takes the Class A/B exams.Class A – required for all projects in exceeding $120,000 and yearly revenue over &750,000. The Company must have a $45k minimum net worthClass B – required for all projects exceeding $10,000 and not more than $120,000 per project, and not to exceed $750,000 in yearly revenue. The company must have a minimum net worth of $15,000Exam and Application:Exams are administered by PSI and can be scheduled online or by calling PSI EXAMINATION SERVICES (800) 733-9267The Class A exam consists of three parts: Virginia portion, General portion, and Virginia Portion. The Class B exam consists of just the Virginia and General portions.VIRGINIA PORTION, 24 ItemsPassing Score: 1848 Minutes to complete this portion.Regulation of Contractors (7 Items)Board Rules and Regulations (5 Items)Building Codes (5 Items)Transaction Recovery Fund (5 Items)Virginia Erosion and Sediment Control Regulations (2 Items)GENERAL PORTION, 50 ItemsPassing Score: 35100 Minutes to complete this portion.Business Organization (2 Items)Estimating and Bidding (10 Items)Contract Management (10 Items)Project Management (7 Items)Risk Management (3 Items)Safety (5 Items)Labor Laws (3 Items)Financial Management (5 Items)Federal and State Taxes (4 Items)Lien Laws (1 Item)ADVANCED PORTION, 24 ItemsPassing Score: 1760 Minutes to complete this portion.Estimating and Bidding (1 Item)Contract Management (4 Items)Project Management (1 Item)Risk Management (2 Items)Safety (2 Items)Labor Laws (4 Items)Financial Management (5 Items)Federal and State Taxes (4 Items)Lien Laws (1 Item) Read more