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How to Obtain a License in Alaska An Alaska Business License. A registered Tax Identification Number. Proof of General Liability Insurance. $20,000 for Property Damage. $50,000 for Injury or Death to one person. $100,000 for Injury or death to more than one person. Proof of Workers Compensation insurance. A Surety Bond:
Elements of a Construction Contract Name of contractor and contact information. Name of homeowner and contact information. Describe property in legal terms. List attachments to the contract. The cost. Failure of homeowner to obtain financing. Description of the work and the completion date. Right to stop the project.
The eight types of construction contracts include: cost-plus construction contract. design and build contract. guaranteed maximum price contract. incentive construction contract. integrated project delivery contract. lump-sum contract. time and materials contract. unit price contract.
5 Key Elements Every Construction Contract Should Contain 1) The projects scope. 2) The cost and payment terms. 3) The projects time frame. 4) Protection against lien law. 5) Dispute resolution clauses.
Therefore, below are some of the most important Construction Contract Clauses which you need to review before you sign the agreement. Scope of work. Contract amount. Project duration. Payment terms. Variation clause. Liquidated damages. Dispute resolution.
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5 Key Elements Every Construction Contract Should Contain 1) The projects scope. 2) The cost and payment terms. 3) The projects time frame. 4) Protection against lien law. 5) Dispute resolution clauses.
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.
Alaska. A handyman in Alaska must hold a license to perform work worth up to $10,000. The General Contractor - Handyman license is issued by the Department of Commerce, Community and Economic Development, Division of Corporations Business and Professional Licensing.
It is important to note that a handyman cannot engage in electrical work, plumbing, HVAC, or structural work without the appropriate license.
The construction contract price includes the direct project cost including field supervision expenses plus the markup imposed by contractors for general overhead expenses and profit. The factors influencing a facility price will vary by type of facility and location as well.

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