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It is a common misconception that since the builder exam is open book, it is not difficult to pass. In actuality the North Carolina construction license exam is more difficult to pass than similar closed book exams due to the fact that you have books available as a resource during the contractor exam.
The maximum allowed is $10,000. Also, contractors that have provided materials and labor to property may have lien rights against the real property.
A: It's not uncommon for contractors to ask for a down payment up front to secure your spot on their schedule or purchase some of the job materials in advance. Asking for more than half of the project cost up front, though, is a big red flag.I recommend tying payments to progress made during the job.
North Carolina requires that anyone who contracts with another person or entity to construct or make improvements to any building, highway, or public utilities, including grading, or who undertakes to superintend or manage such activities, be licensed as a general contractor if the work costs $30,000 or more.
Payment Schedule In Your Contract Before any work begins, a contractor will ask a homeowner to secure the job with a down payment. It shouldn't be more than 10-20 percent of the total cost of the job. Homeowners should never pay a contractor more than 10-20% before they've even stepped foot in their home.
Site work simply put, is part of a construction project that is not part of a building or house's physical structure. This usually includes grading, excavation, construction and installation of septic tanks and filtration systems, driveways and other utilities.
You shouldn't pay more than 10 percent of the estimated contract price upfront, according to the Contractors State License Board.
Site work simply put, is part of a construction project that is not part of a building or house's physical structure. This usually includes grading, excavation, construction and installation of septic tanks and filtration systems, driveways and other utilities.
If the contractor requests a large sum of money before work has begun, Mozen says you should ask specifically what types of work or materials those payments are covering.Contractors sometimes have other motives, other than purchasing materials, when they ask for large amounts of money in advance, Fowler says.
