A Brief Overview To Becoming A Concrete Contractor In Alabama
We want to begin by telling you that the Alabama Licensing Board for General Contractors regulates the process of obtaining a license. Alabama issues two types of licenses: a General Contractors License as well as a Subcontractor License. General contractors will have the approval of the state to provide services for commercial or industrial clients that exceed $50,000 in costs (or residential work over $10,000). For a subcontractor to perform any work for a general contractor that exceeds $50,000, they must also have the licensing.
You also have to apply for a specialty trade license for construction categories that include concrete, carpentry, or masonry. A General Contractors License in Alabama also carries over its validity in several other states, including Arkansas, Mississippi, Louisiana, and Tennessee. Now, let’s explore some of the general requirements of becoming a concrete contractor:
First and foremost, you need to provide your financial statements (this only applies to the General Contractors License). It must be no less than a year old and prepared by a Certified Public Accountant. To be eligible to receive the license, you must have a minimum net worth of $10,000. If you fail to meet this requirement, the licensing board will allow you to take out a line of credit to move forward with the process.
Proof of experience is also important when it comes to obtaining a license. You will need to submit information detailing previous projects you’ve worked on and any current projects that you may already have under contract. The information should contain a description of work performed, the location of the projects, the year they were completed, the owners’ or contractors’ names who hired you, and the contract amounts.
Pass Your Exams
We also want to emphasize how important it is to obtain your license. An unlicensed contractor will potentially face a Class-A misdemeanor charge and a $6000 fine for providing services. You can also be penalized for submitting false information to the Board. Furthermore, you are potentially putting other people in trouble who are contracting with