Commercial Contractor

Exam

State exam

Education

None

Experience

Experience

Background check

Specific type of conviction prohibited

Commercial Contractors perform specified construction work of $50,000 or more (including but not limited to labor and material) in accordance with the architect's plans, blueprints, codes, and other specifications on construction projects, except single family residential projects. They estimate the cost of materials, labor, and required equipment in order to prepare bids. They also confer with their clients to negotiate terms of the contract. On occasion, they may make arrangements with subcontractors to handle specialized construction not in their area of expertise. They must be knowledgeable in purchasing procedures and must supervise and coordinate the entire building process. Requirements: 1) A complete application required. 2) Must have one to five years of experience, depending upon the type of license applied for, in the type of work to be performed in Arkansas. 3) Must have proof of financial responsibility (A reviewed or audited financial statement for a regular license OR a compiled financial statement for a restricted license-projects under $750,000.) Financials must be from an independent CPA showing a positive working capital and the minimum net worth which will based on the classification applying for. In the alternative, an applicant may submit a Bond in lieu of the required financial statement. The Bond will be from $50,000 to $500,000 depending upon they type of license applied for. 4) Must submit the completed reference forms showing experience in the classification(s) requested (for new application); in the alternative, the applicant may take and pass an examination in lieu of showing experience for many classifications. 5) Must have a fully executed $10,000 Contractors Surety Bond. 6) Must have a passing test score for the Arkansas Business and Law exam. 7) Worker’s Compensation insurance coverage is required, if there are employee(s). Examination: (Arkansas and Business Law) $84.00 Fees: New application fee $100. Renewal application fee $50.00. Late Renewal fee: $100.00.