What is the minimum bond amount required for a Hawaii general contractor license?
Correct Answer
B) $20,000
The minimum contractor bond amount is $20,000 for general contractors in Hawaii under HRS 444.
Why This Is the Correct Answer
Under HRS Chapter 444, the minimum surety bond required for a Hawaii general contractor license is $20,000. This amount is set by statute to protect consumers and project owners from contractor default.
Why the Other Options Are Wrong
Option A: $10,000
$10,000 is too low. This amount does not meet the statutory minimum under HRS 444. It may be confused with bond requirements in other states or for lower-tier specialty licenses.
Option C: $5,000
$5,000 is far too low. This figure is not the required bond amount for Hawaii general contractors. It may correspond to bond amounts in other jurisdictions or smaller specialty trade categories.
Option D: $15,000
$15,000 is a plausible distractor but is not the correct statutory amount. The Hawaii legislature set the minimum at $20,000 for general contractors.
Memory Technique
Remember: Hawaii general contractor bond = $20,000. Associate it with a round number: 'Twenty grand to be a general in Hawaii.' The '$20K bond' is one of the most commonly tested facts in the Hawaii Business & Law section.
More Hawaii Questions
What is the minimum general liability insurance coverage required for Hawaii contractors under HRS 444?
A contractor's license expires on June 30th. What is the late renewal penalty fee in Hawaii?
A contractor completes $85,000 worth of work on a residential project in Hawaii. The property owner fails to pay. Under HRS 507, what is the maximum lien amount the contractor can claim?
A contractor's insurance policy has a $1 million aggregate limit and a $500,000 per occurrence limit. Two separate incidents occur: one causing $400,000 in damages and another causing $300,000. How much will the insurance cover?
Under Hawaii's mechanics lien law, a subcontractor must provide preliminary notice within how many days of first furnishing labor or materials?
A subcontractor provides $28,000 worth of plumbing work but is not paid by the general contractor. Under HRS 507, what is the priority of the mechanics lien compared to a mortgage recorded before construction began?
A contractor discovers contaminated soil during excavation of a residential property. Under Hawaii environmental regulations, who must be notified immediately?
A contractor working on a project in a Hawaii historic district must obtain approval from which entity before beginning work?
A contractor fails to obtain required building permits before starting work. The property owner discovers this and terminates the contract. Under Hawaii law, what is the contractor's right to payment?
A contractor has 12 employees with a total annual payroll of $480,000. If the workers compensation rate is $12.75 per $100 of payroll, what is the annual premium?
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