Virginia Contractor General Practice Test 2026 - Free Contractor Practice Questions and Study Guide

The minimum net worth required for a Class A contractor in Virginia is indeed set at $45,000. This requirement ensures that contractors possess sufficient financial stability to undertake larger projects, reflecting their capacity to manage the risks associated with significant construction or contracting work. Class A contractors are allowed to work on projects with no monetary limits, and the net worth requirement serves as a protective measure to help ensure these contractors can cover costs, manage cash flow, and fulfill contractual obligations. The specific net worth gives insight into the level of financial responsibility expected from contractors operating at this tier of licensing.