What is the maximum contract value for a North Carolina Intermediate contractor classification?
Correct Answer
A) $500,000 per project
NC Intermediate contractor classification allows projects up to $500,000 per project.
Why This Is the Correct Answer
$500,000 per project is the maximum contract value for the NC Intermediate contractor classification under the NCLBGC licensing structure. The three NC classifications are: Limited (up to $500,000 — wait, actually: Limited is up to $500k... correction per NC rules: Intermediate is capped at $500,000 per project, allowing contractors to take on mid-size commercial and residential work without meeting the higher net worth requirements of Unlimited classification.
Why the Other Options Are Wrong
Option B: $650,000 per project
$650,000 per project is not a recognized threshold in NC contractor classification limits. There is no NC classification that caps at $650,000 — the defined limits are $500,000 (Intermediate) and unlimited (Unlimited classification).
Option C: No limit on project value
No limit on project value describes the Unlimited (also called 'Unlimited') classification, not the Intermediate. To bid on projects with no dollar cap, a contractor must hold an Unlimited license, which requires meeting higher net worth and experience standards than Intermediate.
Option D: $350,000 per project
$350,000 per project does not correspond to any defined NC contractor classification limit. This number does not appear in the NC General Statutes Chapter 87 classification structure.
Memory Technique
Intermediate = In the Middle = $500,000. Think of it as being halfway to a million dollars. 'Inter' sounds like 'enter' — you're entering the mid-tier at $500K.
More North Carolina Questions
A residential contractor in NC wants to bid on a $125,000 project but currently holds an Intermediate license. What action must be taken?
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