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A contract should contain everything agreed upon by you and your licensed contractor. It should detail the work, price, when payments will be made, who gets the necessary building permits, and when the job will be finished. The contract also must identify the contractor, and give their address and license number.
If youre working on projects valued in excess of $1,000 in Virginia, you need a contracting license. As mentioned, the agency that oversees Virginia contractor licensing is the Department of Professional and Occupational Regulation.
A good rule of thumb is an initial deposit of no more than 10% down or $1,000, whichever is less. Unless the job requires custom-made items or special orders, in which case an initial down payment should be no more than 30% of the total value of the contract.
RMO License One of the most common ways that individuals with no experience can have access to a contractor license is through an RMO or RME. RMO stands for Responsible Managing Officer.
Virginia Class B Contractor License: Qualified Individual needs at least 3 years experience. Maximum Project Size is less than $120,000. Maximum Annual Revenue is less than $750,000.
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A: Its not uncommon for contractors to ask for a down payment up front to secure your spot on their schedule or purchase some of the job materials in advance. Asking for more than half of the project cost up front, though, is a big red flag.
Any person who undertakes work without (i) any valid Virginia contractors license or certificate when a license or certificate is required by this chapter or (ii) the proper class of license as defined in 54.1-1100 for the work undertaken, shall be fined an amount not to exceed $500 per day for each day that such
Providing deposits for contractors is a crucialand normalstep in starting a renovation. Short answer: Yes. But there are exceptions, and your contractor may have some flexibility. Below, Sweeten outlines the reasons behind upfront payment amounts, and some options for negotiating your deposit for a contractor.
A handyman will need a Virginia contractors license to do work worth more than $1,000. There are three classes of licenses, depending on the monetary value of the projects you plan to work on. Youll need to complete a pre-license education course approved by the board.
Class B contractors perform or manage construction, removal, repair, or improvements when (i) the total value referred to in a single contract or project is $10,000 or more, but less than $120,000, or (ii) the total value of all such construction, removal, repair, or improvements undertaken by such person within any

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