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How much can a contractor ask for up front in Virginia?
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.
Does West Virginia require a contractors license?
All General Contractors and Subcontractors performing total contract job cost in excess of $2,499.99 must possess a West Virginia Contractors License obtained through the West Virginia Department of Labor 304-558-7890.
What is the typical general contractor fee?
General contractors charge a 10% to 20% fee percentage of construction costs for large projects and a fixed, daily, or hourly rate for small jobs. Contractor hourly rates are $50 to $150 per hour on average. General contractor pricing depends on the labor and material costs, project size, and location.
How much work can you do without a contractor license in WV?
Its your job as the sole proprietor and business owner to know when a contractor license is required in West Virginia. Usually this is the case if a project exceeds $5,000 for work on a residential property or $25,000 for a commercial property, including both materials and labor.
How much do commercial contractors charge per hour?
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.
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A general contractor will charge between 10% and 20% of the total cost of the job. Some contractors charge a flat fee, but you should calculate it as a percentage in most cases. For larger projects, the average cost a contractor might charge is closer to 25%.
How much do commercial contractors charge?
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.
What percentage do most contractors charge?
Average general contractor rates Most general contractors do not charge an hourly rate. Instead, our research indicates that general contractors charge about 10 to 20% of a projects total construction costs.
Related links
W. Va. Code R. 110-15-107 - Contracting: General Rules
Application. - This regulation prescribes the rules which persons engaged in the business of contracting must follow to comply with this State s consumers
Occupational, Professional, and Special Licenses and Permits
Any business operating in the state doing construction work with a total project cost of materials and labor equaling or exceeding $2,500.00 or more is required
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