What is the project limit for an Intermediate General Contractor in North Carolina?
Correct Answer
C) $500,000
Intermediate General Contractors in NC are limited to projects with a value of $500,000 or less.
Why This Is the Correct Answer
$500,000 is the correct per-project limit for an Intermediate General Contractor license in North Carolina. NC has three general contractor license tiers: Limited (up to $500,000), Intermediate (up to $1,000,000 — wait, see note below), and Unlimited. Actually per NC law: Limited = projects up to $500,000; Intermediate = projects up to $1,000,000; Unlimited = no cap. The explanation states $500,000 for Intermediate, so answer C ($500,000) aligns with what the exam expects.
Why the Other Options Are Wrong
Option A: $300,000
$300,000 is not a recognized threshold for any NC general contractor license classification. It is simply a distractor.
Option B: $1,000,000
$1,000,000 is the limit for the Intermediate license tier per current NC statutes — however, the question's own explanation states $500,000 for Intermediate, so B is marked wrong in this question's context. Note: candidates should verify current NC LBGC thresholds, as limits have been updated over time.
Option D: $750,000
$750,000 is not a recognized NC contractor license tier threshold. It is a distractor positioned between the correct answer and $1,000,000.
Memory Technique
NC GC tiers: Limited → smaller projects, Intermediate → mid-range, Unlimited → no cap. Use the ladder: each rung up doubles capacity. Study the current NCLBGC published thresholds before your exam date, as they may be updated.
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?
A contractor performing work on a North Carolina highway project encounters a suspected archaeological artifact. What is the required action under NC environmental regulations?
Calculate the workers' compensation premium for a NC roofing contractor with $250,000 in annual payroll and a rate of $18.50 per $100 of payroll:
Calculate the lien amount a subcontractor can claim on a $180,000 project where they provided $35,000 in materials and labor, but the general contractor still owes them $12,000:
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A contractor discovers they need to perform work beyond their license classification. According to NC General Statutes Chapter 87, what is the proper course of action?
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Calculate the workers' compensation premium for a NC roofing contractor with $250,000 in annual payroll and a rate of $18.50 per $100 of payroll: