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Most contractors charge a percentage of the total construction costs, ranging from 10% to 20%. If a contractor charges by hour, expect to pay between $50 and $150 per hour. Subcontractor hiring, material costs, and project scope will impact price.
On average, it takes 4-6 weeks for an in-state contractor license to be issued and 9-10 weeks for an out-of-state license to be issued. There is a 60-day waiting period for out-of-state contractors, which begins on the date the application is received.
The contractor must: Complete the online Commercial Application. Provide a financial statement showing a minimum of $10,000 net worth (must be current within 12 months of application). Pass the required examinations. Be approved by the Board before issuance of the license.
A Commercial license is required for: Commercial projects with a value of $50,000 or more (including labor and materials) when the property is to be used for commercial purposes. Commercial purpose is any construction project except residential structures with no more than four incorporated or attached dwelling units.
Pay all appropriate licensing fees, which will vary depending on the type of classification you choose (residential or commercial contractor, etc.), plus exam costs and processing fees. The costs run from $400 to $1,100.
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