Under Georgia law, what is the minimum bond amount required for a general contractor license with an unlimited monetary limit?
Correct Answer
D) $50,000
Georgia requires a minimum bond of $50,000 for general contractors with unlimited monetary limits under O.C.G.A. § 43-41-17.
Why This Is the Correct Answer
Georgia requires a minimum bond of $50,000 for general contractors with unlimited monetary limits under O.C.G.A. § 43-41-17.
More ga-supplement Questions
A contractor discovers that a building permit was issued in error and the project violates setback requirements. According to Georgia regulations, what is the contractor's primary obligation?
A contractor employs workers in both construction and office roles. The construction rate is 11.2 per $100 and office rate is 0.8 per $100. Construction payroll is $85,000 and office payroll is $45,000. What is the total workers compensation premium?
Which situation would require a Georgia contractor to obtain workers' compensation insurance?
A contractor receives a stop work order from the local building official. The contractor continues working despite the order. What is the typical penalty range?
A contractor's license expires on June 30th. They submit a renewal application on July 15th. What additional requirement must they meet?
A Georgia contractor completes work valued at $15,000 on March 1st. The property owner fails to pay. What is the deadline for filing a materialman's lien?
A contractor fails to pay workers' compensation premiums and coverage lapses. An employee is injured the next day. What is the contractor's liability?
A contractor discovers that the local building official is interpreting a code provision differently than expected. What is the proper appeal process in Georgia?
A contractor's annual payroll is $450,000. If the workers compensation rate is 8.5 per $100 of payroll, what is the annual premium?
What is the threshold amount above which a contractor must be licensed in Georgia?
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A contractor carries $500,000 in general liability insurance. The policy has a $1,000 deductible. A claim for $15,000 is filed. How much will the insurance company pay?
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A subcontractor in Georgia must file a Notice to Owner within how many days of first furnishing labor or materials to preserve lien rights?