Hawaii Authorization to increase bonded indebtedness
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How to fill out Authorization To Increase Bonded Indebtedness?
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FAQ
Note: The State of Hawaii does not have a reciprocity agreement with any other state. All applicants must meet the same licensing and examination requirements.
The minimum bond amount for a licensed contractor in Hawaii is $5,000, but a higher bond may be necessary depending on the type of work a contractor plans to perform. The contractor does not pay the full amount of the bond required, but instead, pays a fraction of this total, known as the bond premium.
Hawaii requires all general engineering, general building, and specialty contractors to hold licenses in their specific field. A Hawaii general contractor's license is required for any project that costs $2500 or more.
Hawaii requires all general engineering, general building, and specialty contractors to hold licenses in their specific field. A Hawaii general contractor's license is required for any project that costs $2500 or more.
With limited exceptions, all contractors are required to be licensed. Unlicensed contracting activity is illegal in Hawaii and is prosecuted by the Regulated Industries Complaints Office (RICO) of the Department of Commerce and Consumer Affairs.
The fee varies from $334 to $663 depending on when you apply and if you register as a business entity, sole proprietor, or Responsible Managing Employee (RME). The total cost to get a Hawaii general contractor license can vary from $534 to $913.
When is a contractor's license required? A contractor's license is required: for any project where the labor and material costs exceeds $1,500; and. for any project that requires a building permit.
The State of Hawaii requires anyone "who offers to, holds oneself out to, or contracts to perform residential, commercial, or public works construction, alterations, or improvements" to hold a contractor license. Hawaii simplifies licensing by requiring all contractors to go through the same entity.