What is the maximum single project limit for an intermediate general contractor license in North Carolina?
Correct Answer
B) $500,000
NC intermediate general contractor licenses have a maximum single project limit of $500,000.
Why This Is the Correct Answer
Option B ($500,000) is correct. The NC Licensing Board for General Contractors defines the intermediate classification as allowing single projects up to $500,000. This tier sits between the limited license ($500,000 and below per project, with aggregate limits) and the unlimited license.
Why the Other Options Are Wrong
Option A: $350,000
$350,000 does not correspond to any NC general contractor license classification threshold. It may be a distractor designed to catch candidates who remember the limit is in the hundreds of thousands but underestimate the exact figure.
Option C: $1,000,000
$1,000,000 exceeds the intermediate limit and is associated with moving toward unlimited license territory. Selecting this answer indicates confusion between intermediate and unlimited license tiers.
Option D: $650,000
$650,000 is above the intermediate limit and does not correspond to any defined NC license classification threshold. It may appeal to candidates who think the limit is 'around $500,000–$750,000' and guess high.
Memory Technique
NC GC License tiers: Limited → Intermediate → Unlimited. Intermediate = '$500K single project.' Think of it as the 'half-million handshake' — the intermediate license unlocks the ability to take on half-million-dollar projects. Below that is limited; above requires unlimited.
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?
A contractor discovers contaminated soil during excavation on a commercial project in Charlotte. Under NC environmental regulations, what is the first required action?
A North Carolina contractor completes a $45,000 residential addition project. The homeowner refuses to pay the final $8,000. What is the filing deadline for a mechanic's lien under NC lien law?
A residential contractor in Charlotte is building a deck addition. Which inspection is typically required first under NC building codes?
A contractor performs work on a residential property in North Carolina but is not paid. The work was completed on March 15th, and the last material was delivered on March 20th. What is the deadline to file a claim of lien?
A subcontractor performing electrical work discovers that the general contractor's license has been suspended. What action should the subcontractor take according to NC General Statutes?
A contractor in North Carolina discovers contaminated soil during excavation. The soil contains petroleum products above reportable levels. Which agency must be notified immediately?
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