Under Chapter 489 F.S., what is the maximum monetary limit for work that can be performed under a Certified Building Contractor license on a single project?
Correct Answer
D) No monetary limit
There is no monetary limit for work performed under a Certified Building Contractor license. This license allows unlimited work on commercial and residential buildings within the scope of the classification.
Why This Is the Correct Answer
Under Chapter 489 F.S., a Certified Building Contractor license is the highest level of contractor certification in Florida. This license classification allows contractors to perform unlimited monetary value work on both commercial and residential building projects. The certification demonstrates the highest level of competency and experience, which is why the state does not impose any monetary restrictions on projects that can be undertaken.
Why the Other Options Are Wrong
Option A: $100,000
$100,000 is a monetary limit that applies to lower-level contractor classifications, not to Certified Building Contractors who have unlimited authority.
Option B: $250,000
$250,000 is a monetary limit that may apply to certain specialty contractor classifications, but not to Certified Building Contractors.
Option C: $500,000
$500,000 is a monetary limit that applies to some contractor classifications, but Certified Building Contractors are not subject to any monetary restrictions.
Memory Technique
Think 'CERTIFIED = UNLIMITED' - the highest certification level removes all monetary barriers
Reference Hint
Chapter 489 Florida Statutes - Section 489.105 regarding contractor classifications and scope of work
More Contract Admin Questions
A project experiences a 30-day delay due to unusually severe weather. The contract includes a liquidated damages clause of $1,000 per day for delays. If the weather delay is excusable but not compensable, what liquidated damages apply?
A commercial project requires a total of 12 inspections. The building department charges $85 per inspection for the first 5 inspections, $65 for inspections 6-10, and $45 for any additional inspections. What is the total inspection fee?
What document must be posted at the job site before a Certificate of Occupancy can be issued for a commercial building?
A mixed-use development requires a variance for reduced setbacks. The property is located within 500 feet of a hospital. What additional consideration must be addressed?
A LEED project requires tracking of regional materials. Materials are considered regional if they are extracted, harvested, or recovered, as well as manufactured within what distance of the project site?
People Also Study
Business & Financial Management
120 questions · 70% to pass
Project Management
60 questions · 70% to pass