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 minimum of 100 employees
- b.Ownership of specific equipment
- c.That roughly half be held in cash or current assets✓
- d.A college degree in engineering
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 $10,000 surety bond✓
- b.A $500,000 general liability policy set by statute
- c.A personal guarantee from every employee
- 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.Nothing; NASCLA alone licenses the contractor
- b.Passing the Arkansas bar exam
- c.Retaking NASCLA annually
- d.Also passing the Arkansas Business and Law examination✓
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.About five years for a major classification versus about one year for a specialty classification✓
- c.Neither requires any experience
- d.Specialty work requires more experience than major work
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.An open-book, multiple-choice exam covering Arkansas licensing law and business-management topics✓
- b.A closed-book oral interview before the board
- c.A hands-on field skills test only
- d.A take-home research paper
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