General

• Requires the submission of financial statements.
  • Financial limits are set based upon the firms net worth and experience.
  • The prequalification period is for 15 months from the date of the financial statement.
• The average processing time of a new application is 30 days.
• All licenses are issued and subsequently renewed for two year periods.
• The average processing time for new applications is 3 weeks.

Contractors Requirements include:

• Submitting evidence by the qualifying party of four years experience in the license classification being sought.
• Passing a business and law examination.*
• Passing the trade examination.*
• The applicant must secure a transaction privilege (sales) tax license from the state department of revenue.
  • Construction work in the state is subject to sales tax much like any other product. In some cases a sales tax bond in an amount ranging from $2,000 to $102,000, depending on the type of work performed, must be maintained for the first two years of operation.
• License bonds are required of all contractor license applicants ranging from $1,000 to $90,000.
  • The amount of the bond is based on the type of license applied for and the anticipated annual gross volume of work in the state.

* The examinations are closed book (except for electrical classifications) and a minimum score of 70 percent is required on each exam.