What is an RME in construction Hawaii?

"Responsible managing employee" or "RME" means the individual who is a bona fide employee of the contracting entity that maintains a current contractor's license, and who qualifies the contracting entity for a contractor's license in the licensed classifications held by the individual.

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Hawaii Concrete Mason Contract for Contractor

Hawaii Concrete Contractor Withholding

Name: Hawaii Concrete Contractor Withholding
Brand: US Legal Forms
Rating: 4.66 (314 reviews)

Category:

Hawaii Construction - Contractors - Concrete Masonry

State:

Hawaii

Control #:

HI-00462-18

Format:

Instant download

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Description

This form is designed for use between Concrete Mason Contractors and Property Owners and may be executed with either a cost plus or fixed fee payment arrangement. This contract addresses such matters as change orders, work site information, warranty and insurance. This form was specifically drafted to comply with the laws of the State of Hawaii.

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FAQ

"Responsible managing employee" or "RME" means the individual who is a bona fide employee of the contracting entity that maintains a current contractor's license, and who qualifies the contracting entity for a contractor's license in the licensed classifications held by the individual.

A Hawaii general contractor's license is required for any project that costs $2500 or more. Anyone who offers to, claims to be able to, or contracts to perform residential, commercial, or public works of construction, alteration, or improvements must hold a contractor license.

The exact deposit amount contractors ask for upfront varies and is especially dependent on the size of the project. For relatively small jobs, like a $15,000 bathroom remodel, contractors may ask for a 50% deposit. For large jobs, like a $100,000 full-home renovation, a 10%20% deposit is more typical.

Under the Construction Act, holdback obligations are created pursuant to Section 22 that provides that the owner is required to hold back 10 percent of the contract price from the contractor as well as the amount of any registered liens for which the owner has received notice of.

Any business, whether it's a small business, self-employed, independent contractor, or freelancer, must obtain a general excise license and pay the tax. Businesses headquartered in another state but with a physical presence in Hawaii also have to pay the GET.

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"City" means the City and County of Honolulu, State of Hawaii. Are no bona fide disputes on which the Contracting Officer has withheld payment. 8.5.This section covers measurement and payment of bid item work and change order work, partial payments, and payment to the contractor after contract acceptance.

Hawaii Concrete Contractor Withholding

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How to fill out Hawaii Concrete Contractor Withholding?

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FAQ

What is an RME in construction Hawaii?

How much work can you do without a contractor license in Hawaii?

Is it normal for a contractor to ask 50 deposit?

How much should a contractor hold back?

Do independent contractors need a business license in Hawaii?

Interesting Questions

What is Hawaii concrete contractor withholding?

Why is Hawaii concrete contractor withholding necessary?

How much should contractors withhold for Hawaii concrete services?

Who is responsible for deducting and remitting the withholding amount?

Do all subcontractors providing concrete services in Hawaii require withholding?

How can subcontractors obtain a Tax Clearance Certificate to exempt themselves from withholding?

What should contractors do with the withheld amount?

What are the consequences for contractors who fail to withhold or remit the required amount?

Can contractors deduct the withheld amount as an expense on their taxes?

Is there a specific form for reporting Hawaii concrete contractor withholding?

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