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What are the two main types of contracts?

Contract type is a term used to signify differences in contract structure or form, including compensation arrangements and amount of risk (either to the government or to the contractor). Federal government contracts are commonly divided into two main types, fixed-price and cost-reimbursement.

What type of work can a handyman do legally in Alabama?

General Alabama handyman services include installations (window blinds, sliding doors, ceiling fans), basic landscaping (removing weeds and mowing lawns), and drywall repair. To perform commercial and residential project work with a value of $50,000 or more, you must apply for a general contractor license in Alabama.

What do you need to be a contractor in Alabama?

Passing the General Contractor exam is a must. As well as passing the National Accredited NASCLA Commercial Builder exam, you must also pass the Business and Law exam. Once you pass, the Board will issue your general contractors license.

How much is a contractors license in Alabama?

If you need an Alabama general contractors license, you can obtain it by applying with the state Licensing Board for General Contractors. The official application form should be submitted together with the licensing fee, which is $300. You need to provide all relevant business and personal details in your application.

What are the five basic contract types?

Fixed-Price Contracts. The pricing of this group of government contracts will not change. Time Materials Contracts. This one is quite straightforward. Cost-Reimbursement Contracts. Incentive Contracts. Indefinite Delivery Quantity Contracts.

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What are the main types of construction contracts?

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.

Does Alabama require a contractor license?

General contractors must be licensed to work on commercial or industrial work over $50,000, or residential work over $10,000. As for subcontractors, in order perform any work for a general contractor over $50,000, they must also be licensed.

How do you structure a construction contract?

What Should Be in a Construction Contract? Identifying/Contact Information. Title and Description of the Project. Projected Timeline and Completion Date. Cost Estimate and Payment Schedule. Stop-Work Clause and Stop-Payment Clause. Act of God Clause. Change Order Agreement. Warranty.

How do I write a construction contract?

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.

Does a handyman need a contractors license in Alabama?

Alabama. A handyman does not need a state license in Alabama. Contractors are only required to have a license if the cost of their project is valued at more than $50,000.

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What are the main types of construction contracts?

Does Alabama require a contractor license?

How do you structure a construction contract?

How do I write a construction contract?

Does a handyman need a contractors license in Alabama?

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Got questions?

What are the two main types of contracts?

What type of work can a handyman do legally in Alabama?

What do you need to be a contractor in Alabama?

How much is a contractors license in Alabama?

What are the five basic contract types?

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What are the main types of construction contracts?

Does Alabama require a contractor license?

How do you structure a construction contract?

How do I write a construction contract?

Does a handyman need a contractors license in Alabama?

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