Under Michigan Act 299, a residential builder's license must be renewed every:
Correct Answer
A) 3 years
Michigan Act 299 requires residential builder licenses to be renewed every 3 years.
Why This Is the Correct Answer
Michigan Act 299 requires residential builder licenses to be renewed every 3 years.
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Under Michigan Act 299, a contractor's license must be renewed every:
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A project has total costs of $180,000 including $75,000 labor and $105,000 materials. With workers compensation at 7.8% of labor costs and general liability at 0.4% of total costs, what are the combined insurance costs?