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Those involved in the following trades for residential construction projects must have a Maintenance and Alteration Contractor license: Basement waterproofing. Carpentry. Concrete.
Here is how to bid on concrete jobs: Discuss the clients goals. Ask about the clients budget. Talk about the clients options. Calculate your material costs. Calculate your time expenses. Decide on your profit margin. Adjust your bid if needed.
A license includes the following crafts and trades: carpentry; concrete; swimming pool installation; waterproofing a basement; excavation; insulation work; masonry work; roofing; siding and gutters; screen or storm sash installation; tile and marble work; and house wrecking.
Michigan construction contract requirements Only residential construction contracts are regulated in Michigan. Such contracts must be in writing, include the contractors license number (if a license is required), and cite the statute that requires the contractor to be licensed for their particular trade.
General contracting businesses working on projects valued at less than $600 do not require a license.
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How Much to Pay a Contractor Up Front: A Guide to Contractor Deposits. Most down payments fall between 10% and 25% of the project cost. Contractors should never ask for more than 50% up front. Never pay in full before work has begun.

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