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Are there any financial requirements to qualify for a contractor license?

April 26, 2017contractor financial license qualify requirements

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Are there any financial requirements to qualify for a contractor license?

2 Answers

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Yes. All applicants, other than those applying for a joint venture license, must have more than $2,500 worth of working capital. Also, a contractor’s bond in the amount of $7,500 is required.

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Yes. All applicants, other than those applying for a joint venture license, must have more than $2,500 worth of working capital. Also, a contractor’s bond in the amount of $12,500 is required.