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What bond guarantees that a contractor's work will be free of defects in workmanship & materials for a specific period of time?
A Performance bond
Who is NOT eligible to receive benefits from a contractor's license bond?
A subcontractor that is involved in an accident on a job site
What are the locations where your license number will be required if you are advertising?
In the yellow pages, on all bus stop benches, on all billboards
What must be displayed on the sides of a commercial truck for licensed plumbers, electrical sign & well-drilling contractors?
The contractor's license number, Name, & permanent business address
When advertising for construction work, the most important thing the contractor needs to include is:
The license number for the contractor
By law, a "hard laborer" may not be younger than __________ years old?
16
General liability insurance is for what purpose?
It provides, insures protection for construction damages to building
Workers compensation insurance is for what purpose?
It provides, insures protection for worker injury
When does an employer need workers compensation insurance?
When they hire a worker
What is the amount of money a contractor is allowed to receive as a deposit on a home improvement contract?
10% or $1000.00 whichever is less
A specialty licensed contractor may contract for other trades if: a) He/she gets permission from the county. b) Purchases a bond for that type of work. c) The general contractor tells them it is alright
None of the above
In order for a license to be issued, a contractor must first obtain?
A contractors bond in the amount of 12,500.00 dollars
If a person is hired as the RME how many licenses are they able to qualify?
One, as long as they work 80% of their time at that company
If an RMO is using his/her license to qualify other companies, how many companies may they qualify?
As many as 3, so long as they own at least 20% of the equity in each firm
Who would need a contractors license, a) Owner builder, b) Security alarm installer, c) Public personnel working on public projects
None of the above
An unlicensed contractor may only do work that does not require a contractors license: True or False
True
A person may contract without a license in the amount of:
Less than $500 (Labor & Materials)
How many years must a contractor license qualifier have to obtain a contractors license?
4 years
What is the minimum required age for obtaining a contractors license?
18
Forms of Bonds:
Contractors bond, Performance bond, Bid bond