Arkansas Contractor License Exam — All Questions
5 questions
The Arkansas building-classification net-worth requirement is notable because it demands not just total net worth but also:
- a.A college degree in engineering
- b.A minimum of 100 employees
- c.That roughly half be held in cash or current assets✓
- d.Ownership of specific equipment
Beyond showing about $50,000 in total net worth, the applicant must hold roughly half in cash or other current assets. The liquidity requirement helps ensure the business can actually fund and perform covered work.ACLB net-worth requirement
In addition to net worth, what must an Arkansas commercial contractor file to obtain the license?
- a.A personal guarantee from every employee
- b.A $500,000 general liability policy set by statute
- c.A $10,000 surety bond✓
- d.Nothing beyond the application fee
An Arkansas commercial contractor must file a $10,000 surety bond under the Arkansas Contractors Licensing Law (A.C.A. Title 17, Ch. 25) in addition to meeting the net-worth requirement. The bond is a core financial-responsibility element of the license.A.C.A. Title 17, Ch. 25 (Arkansas Contractors Licensing Law)
A candidate passes the NASCLA Accredited Commercial General Building exam. To be licensed by the ACLB for that scope, what else is required on the exam side?
- a.Retaking NASCLA annually
- b.Also passing the Arkansas Business and Law examination✓
- c.Nothing; NASCLA alone licenses the contractor
- d.Passing the Arkansas bar exam
NASCLA covers only the trade/technical portion. To be licensed by the ACLB for the commercial general building scope, the candidate must also pass the separate Arkansas Business and Law examination and meet the financial and experience requirements.NASCLA + ACLB Business and Law requirement
How does Arkansas typically differentiate the experience requirement between a major commercial classification and a specialty classification?
- a.Both require twenty years
- b.Specialty work requires more experience than major work
- c.Neither requires any experience
- d.About five years for a major classification versus about one year for a specialty classification✓
Arkansas commonly expects about five years of relevant experience for a major commercial classification and roughly one year for a specialty classification. Larger scope carries the higher experience expectation.ACLB experience requirement
The Arkansas Business and Law examination administered by PSI is best described as:
- a.A take-home research paper
- b.A closed-book oral interview before the board
- c.A hands-on field skills test only
- d.An open-book, multiple-choice exam covering Arkansas licensing law and business-management topics✓
The Arkansas Business and Law exam is an open-book, multiple-choice test administered by PSI, covering Arkansas licensing law along with estimating, contracts, finance, labor, tax, project management, risk, and safety. Open-book format rewards fast reference navigation.ACLB / PSI examination format