Type In Legal Alabama Contractors Forms For Free

The eight types of construction contracts include: cost-plus construction contract. design and build contract. guaranteed maximum price contract. incentive construction contract.

If your contract amount on the project is over $50,000, you are required to obtain a General Contractor's License. Please visit the website HERE for more information. The general contractor did not extend their contactor's certificate of exemption, will I be able to extend my certificate?

Contractors must provide financial statements, no less than one year old, prepared by a Certified Public Accountant. (Audited financials are not required.) In order to be eligible for a license, you must have a minimum net worth and working capital of at least $10,000.

Steps to Getting Your Alabama Contractor's License General contractors must be licensed to work on residential projects of more than $10,000 or commercial projects of more than $50,000. Being licensed in Alabama means you are automatically authorized to work in Arkansas, Louisiana, Mississippi, and Tennessee.

To renew your general contractor or subcontractor license, you'll submit your application and renewal fee no more than 45 days before your license expiration date. The Alabama Licensing Board for General Contractors bases the renewal date on the first letter of your company name.

How to get an Alabama contractor license Step 1: Register the business. Anyone conducting business within the state of Alabama is required to be registered with the Alabama Secretary of State. ... Step 2: Get insurance coverage. ... Step 3: Gather the required documents. ... Step 4: Submit application & fee. ... Step 5: Take the exams.