Under TCA 62-6, a Tennessee contractor's license can be suspended for all of the following EXCEPT:
Correct Answer
A) Completing projects under budget
Completing projects under budget is not grounds for license suspension. The other options are all valid reasons for disciplinary action under TCA 62-6.
Why This Is the Correct Answer
Completing projects under budget is not grounds for license suspension. The other options are all valid reasons for disciplinary action under TCA 62-6.
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Calculate the lien amount a subcontractor can claim for unpaid work totaling $15,000 on a project where the total contract value is $85,000 and the remaining balance owed to the general contractor is $8,000:
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A residential contractor receives a $35,000 down payment on a $140,000 project. According to Tennessee law, what is the maximum allowable down payment percentage?