Commercial Contractor Package - North Carolina 2025

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The N.C.G.S. 87-1 defines a general contractor as a person, firm or corporation who manages or oversees construction projects where the cost of the project is $40,000 or greater. The State General Contractors License is not required if a project is under $40,000.
Most general contractors use a markup of between 15-20%. However, contractor markups largely depend on the project and average costs in the area.
General contractor fees for commercial projects are 20% to 25% of the total construction cost. Commercial buildings typically require larger HVAC, plumbing, and electrical systems, heavy construction equipment, and more materials and laborers than residential projects.
A: There is no limit by law, but it should be a negotiated sum between the homeowner and contractor. Generally, deposits should be limited to around 10% of the contract price, but this also depends on the remaining pay schedule. Contractors typically ask for deposits for material costs.
Here are the most common contractor payment terms to know. Prepayment. Some contractors request a prepayment (such as 50% of the total fee) to be paid before they begin a job. Payment upon delivery. Net 10, 30, and 60. End of month.
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Typically a contractor would ask for 50% upfront to cover the initial get go of a project. Like stated above materials and wage costs. My advice to you would be to ensure everything is typed in a contract that both you and the contractor have signed.
How much does a general contractor license in North Carolina cost? Fee TypeCost Exam Fee $79.00 each License fees/Renewal fees Limited: $75.00 Intermediate: $100.00 Unlimited: $125.00 Late renewal fee $10 per month past due date Aug 10, 2023
Its common for contractors to request some form of upfront payment, but the amount and reasons can vary. Here are some key points to consider: Deposit: Many reputable contractors ask for a deposit, typically ranging from 10% to 30% of the total project cost. This helps cover initial costs for materials and labor.

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