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General Contractor License VIP Certification Exam III
General Contractor License — This exam mirrors the NASCLA Accredited Examination for Commercial General Building Contractor (used by 20+ states) and state-level PSI/Prometric contractor licensing exams, which typically cover project management, contract law, OSHA safety, building codes, financial management, lien law, and insurance requirements across 100–120 questions in a 3–4 hour session.
54
Questions
180m
Time Limit
70.00%
To Pass
Question 1 of 54👑 VIP
A general contractor is awarded a $2.4 million lump-sum contract. The contract requires a payment and performance bond. The bonding company charges a premium of 1.5% of the contract value for the first $500,000 and 1.0% for the remaining balance. What is the total bond premium the contractor must pay?
Questions 2–54 and full explanations are VIP-exclusive.