What is the minimum bond amount required for Alabama general contractors with gross receipts between $100,000 and $500,000?
Correct Answer
B) $15,000
Alabama requires a minimum $15,000 bond for general contractors with gross receipts between $100,000 and $500,000.
Why This Is the Correct Answer
Alabama requires a minimum $15,000 bond for general contractors with gross receipts between $100,000 and $500,000.
More al-supplement Questions
An Alabama licensed contractor is required to complete continuing education. How many hours are required for license renewal?
According to Alabama building codes, what is the maximum allowable deflection for floor joists under live load?
Which continuing education topic is mandatory for Alabama contractor license renewal?
Under Alabama building codes, which edition of the International Building Code (IBC) is currently adopted?
Under Alabama law, what is the statute of limitations for filing a breach of contract claim against a contractor?
A homeowner hires you for a $25,000 kitchen renovation but refuses to pay the final $5,000. You properly file a mechanics' lien. The homeowner wants to sell the house. What happens to your lien?
Which continuing education topic is specifically mandated by Alabama for contractor license renewal?
A contractor discovers that their Alabama contractor license expired 45 days ago. What is the consequence under Title 34-8?
Your client wants to add a 500 sq ft addition to their home. You discover during construction that the existing electrical system doesn't meet current Alabama electrical code. What is your obligation?
A contractor is building a residential foundation in Alabama clay soil. The soil report indicates expansive clay with a plasticity index of 35. What is the minimum recommended foundation depth?
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How many hours of continuing education must an Alabama licensed contractor complete every two years?
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A contractor's general liability insurance policy has aggregate limits of $1,000,000 and per-occurrence limits of $300,000. After two claims totaling $500,000, what coverage remains for the policy period?