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Average Markup for General Contractors? Most contractors are looking at a 35% margin; thus, a markup of 54%, or 1.54, is required. Subs typically have a gross profit margin of 50%; hence they require a markup of 100% or 2x.
Kentucky does not require handymen or general contractors to hold a state license. However, be sure to check handyman license requirements with your local government before you begin work to make sure you are in compliance.
- There is NO licensing requirement for roofing contractors in Kentucky!
An auto mechanic who has a station license, a resale license, buys the parts necessary for the repairs, sets his or her own prices, collects from the customer, sets his or her own hours and days of work, and owns or rents the shop from a third party is an example of an independent contractor.
3P Contractors mean individuals under an Integrators direct supervision and control. 3P Contractors are engaged to perform services under a contract that includes appropriate non-disclosure and other promises sufficient to satisfy that Integrators obligations under the Sublicense.
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General contractors do not charge an hourly rate. Typically, general contractors charge about 10 20% of a projects total construction costs. A big general contractor company can charge upwards of 25% of a projects costs. Your main point of reference for your markup is what your subcontractor will charge you.
Who Should Obtain a Business License? Any person, association, corporation, or other entity engaged in an occupation, trade, profession, or other activity performed in the City of Frankfort. This includes all independent contractors as well as subcontractors.
However, a 10 percent profit and 10 percent overhead are standard in the residential construction industry. Using the 10 x 10 rule, your combined gross profit or margin and overhead would be 20 percent.
Who Should Obtain a Business License? Any person, association, corporation, or other entity engaged in an occupation, trade, profession, or other activity performed in the City of Frankfort. This includes all independent contractors as well as subcontractors.
To obtain a license, a contractor may be required to provide information such as: evidence of financial stability; proof of liability insurance and compliance with Kentuckys unemployment insurance and workers compensation laws; proof of compliance with other specialty craft laws and regulations; local, state, and

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