What is the maximum monetary limit for work performed under a Registered General Contractor license in Florida?
Correct Answer
D) $300,000 per project
A Registered General Contractor license in Florida has a monetary limit of $300,000 per project. Projects exceeding this amount require a Certified General Contractor license.
Why This Is the Correct Answer
Under Florida law, a Registered General Contractor license allows contractors to perform work up to $300,000 per project. This monetary limitation is specifically established in Florida Statutes Chapter 489 to differentiate between registered and certified contractor classifications. Any construction project exceeding $300,000 requires the contractor to hold a Certified General Contractor license, which has no monetary limitations. This threshold ensures that larger, more complex projects are handled by contractors with higher qualifications and bonding requirements.
Why the Other Options Are Wrong
Option A: No monetary limit
$200,000 is below the actual limit established by Florida law for Registered General Contractors and would be too restrictive for this license classification.
Option C: $500,000 per project
$500,000 exceeds the monetary limit for Registered General Contractors and would encroach into the territory requiring a Certified General Contractor license.
Memory Technique
Think 'Registered = Restricted to $300K' - both words start with 'R' and the number 3 represents the restriction at $300,000.
Reference Hint
Florida Statutes Chapter 489 - Construction Industry Licensing, specifically Section 489.105 regarding contractor classifications and monetary limitations
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