What is the monetary limit for contracts that can be performed by a Certified Building Contractor in Florida?
Correct Answer
A) No monetary limit
Certified Building Contractors have no monetary restrictions on their contracts, though they are limited to buildings of three stories or less.
Why This Is the Correct Answer
Certified Building Contractors (CBC) in Florida have no monetary limitations on their contracts under Florida Statutes Chapter 489. The license allows them to perform unlimited dollar value work, but they are restricted by the scope of work (building construction) and height limitations (three stories or less). This unlimited monetary authority distinguishes CBCs from other contractor classifications that may have dollar limits.
Why the Other Options Are Wrong
Option B: $5 million
$5 million is not a statutory limit for Certified Building Contractors - while this is a higher amount, CBCs still have no monetary restrictions regardless of contract value.
Option C: $2 million
$2 million is not a statutory limit for Certified Building Contractors - this may be confused with limits for other types of contractors or specialty trades.
Option D: $1 million
$1 million is not a statutory limit for Certified Building Contractors - this amount may be confused with bonding requirements or other contractor classifications.
Memory Technique
CBC = 'Cash has no Boundary, but Capped at 3 stories' - no monetary limit but height restricted
Reference Hint
Florida Statutes Chapter 489 - Contracting, specifically sections dealing with Certified Building Contractor qualifications and scope of work
More Contract Admin Questions
A project experiences a 30-day delay due to unusually severe weather. The contract includes a liquidated damages clause of $1,000 per day for delays. If the weather delay is excusable but not compensable, what liquidated damages apply?
A commercial project requires a total of 12 inspections. The building department charges $85 per inspection for the first 5 inspections, $65 for inspections 6-10, and $45 for any additional inspections. What is the total inspection fee?
What document must be posted at the job site before a Certificate of Occupancy can be issued for a commercial building?
A mixed-use development requires a variance for reduced setbacks. The property is located within 500 feet of a hospital. What additional consideration must be addressed?
A LEED project requires tracking of regional materials. Materials are considered regional if they are extracted, harvested, or recovered, as well as manufactured within what distance of the project site?
An indemnification clause in a construction contract typically requires the contractor to:
A property owner wants to convert a single-family home into a duplex in an area zoned for single-family residential use. The conversion meets all building codes but violates density requirements. What approval is needed?
As-built drawings are typically required to be submitted:
AIA Document A401 is primarily used for:
A general contractor is building a 12,000 square foot commercial warehouse. The building permit fee is calculated at $8.50 per $1,000 of construction value. If the project value is $2,400,000, what is the building permit fee?
People Also Study
Business & Financial Management
120 questions · 70% to pass
Project Management
60 questions · 70% to pass
Related Study Resources
Previous Question
A contract includes liquidated damages of $2,000 per day but caps the total at 10% of the contract value. For a $1.2 million contract delayed 75 days, what is the maximum liquidated damages that can be assessed?
Next Question
According to Chapter 489 F.S., what happens to a contractor's license if they fail to renew it within 2 years of expiration?