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Never pay the full amount of a repair up front and hesitate before providing large deposits. Florida law requires a contractor to apply for a permit within 30 days and start work within 90 days if he collects more than 10 percent of the contract up front.
Anyone hired by the property owner is required to be licensed if they perform $25,000 or more of the work, as these contractors would be considered prime contractors since they are contracting directly with the owner.
Tennessee Handyman License Requirements Without a license, you can perform general construction, carpentry, and residential maintenance projects valued at under $3,000.
Avoid paying in cash. Contractors cannot ask for a deposit of more than 10 percent of the total cost of the job or $1,000, whichever is less. * (This applies to any home improvement project, including swimming pools.) Stick to your schedule of payments and dont let payments get ahead of the completed work.
Avoid paying in cash. Contractors cannot ask for a deposit of more than 10 percent of the total cost of the job or $1,000, whichever is less. * (This applies to any home improvement project, including swimming pools.)
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The Home Improvement law prohibits contractors from asking for a down-payment of more than 1/3 of the total contract.
A standard business license is needed from your county and/or municipal clerk if your gross receipts are $10,000 or more.
Anyone hired by the property owner is required to be licensed if they perform $25,000 or more of the work, as these contractors would be considered prime contractors since they are contracting directly with the owner.
While there is no set ideal markup percentage, most businesses set a 50 percent markup. Otherwise known as keystone, a 50 percent markup means you are charging a price thats 50% higher than the cost of the good or service. Simply take the sales price minus the unit cost, and divide that number by the unit cost.
The law requires only the following types of subcontractors to be licensed as a contractor: *Electrical, *Plumbing, Mechanical, *HVAC and Roofing whenever the total cost of the project for each of these portions is $25,000 or more; *Masonry subcontractors when the total portion is $100,000 or more.

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