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North Carolina General Statute 87-1 establishes the mandatory licensing requirements for general contractors. ing to this statute, any construction project that costs $40,000 or more requires the contractor to hold a valid general contractors license.
An excavation contract is a legally binding agreement between parties where one agrees to perform excavation duties on behalf of another. These contracts specify the scope of the work, timelines, payment terms and the responsibilities of each party involved.
Because the state does not require a handyman license, NC workers in this profession can take on a wide variety of projects as long the value of each job stays below $40,000. Handypeople usually work on minor repairs and maintenance, like fixture replacements, furniture assembly and small carpentry tasks.
A contractor cant legally do work on your property without your approval. If they start work without getting your go-ahead, it can be seen as unauthorized, which could lead to legal issues.
5 Common Types of Construction Contracts Lump Sum Contracts. For projects with a well-defined scope of work, lump sum contracts (also called fixed price contracts) are straightforward. Guaranteed Maximum Price Contracts. Cost-Plus Contracts. Time and Materials Contracts. Unit Price Contracts.
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North Carolina does not issue handyman licenses. Handyman professionals are required to apply for a general contractor license in order to work on projects that exceed $30,000. The North Carolina licensing board restricts the types of services that handyman professionals are authorized to provide.
The N.C.G.S. 87-1 defines a general contractor as a person, firm or corporation who manages or oversees construction projects where the cost of the project is $40,000 or greater. The State General Contractors License is not required if a project is under $40,000.
A: There is no limit by law, but it should be a negotiated sum between the homeowner and contractor. Generally, deposits should be limited to around 10% of the contract price, but this also depends on the remaining pay schedule. Contractors typically ask for deposits for material costs.

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