A Class B contractor in Virginia wants to bid on a $750,000 project. What additional requirement must be met?
Correct Answer
A) Obtain a Class A license
Class B contractors in Virginia are limited to projects under $500,000. Projects of $500,000 or more require a Class A contractor license.
Why This Is the Correct Answer
Virginia Class B contractors are authorized for projects between $10,000 and $499,999. Any single project at $500,000 or more requires a Class A license. At $750,000, the contractor must obtain a Class A license to legally bid on and perform the work.
Why the Other Options Are Wrong
Option B: File a financial statement with the Board
Filing a financial statement with the Board is not the required step for taking on a larger project. While financial statements may be part of a license application, the fundamental requirement here is upgrading to a Class A license.
Option C: Post an additional surety bond
Posting an additional surety bond is not the mechanism Virginia uses to allow Class B contractors to take on larger projects. Upgrading the license class is required — bond adjustments alone are insufficient.
Option D: Hire a licensed engineer
Hiring a licensed engineer is not a Virginia licensing requirement for bidding on a $750,000 project. While certain projects may require engineering oversight for technical reasons, this is not the licensing board's requirement for project size.
Memory Technique
Virginia Contractor Classes: Class C = under $10K | Class B = $10K–$499,999 | Class A = $500K+. Think: 'A is for Above $500K, B is Below $500K.' At $750K, you need an 'A.'
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