What is the required bond amount for a South Carolina General Contractor Class B license?
Correct Answer
A) $15,000
South Carolina requires a $15,000 surety bond for General Contractor Class B licenses.
Why This Is the Correct Answer
Option A is correct. South Carolina law requires a $15,000 surety bond for a General Contractor Class B license. This bond protects consumers and the public from contractor malfeasance or failure to meet contractual obligations.
Why the Other Options Are Wrong
Option B: $20,000
Incorrect. $20,000 is not the required bond amount for a South Carolina General Contractor Class B license. This higher amount may apply to higher license classifications (such as Class A) or be confused with bond requirements in other states.
Option C: $5,000
Incorrect. $5,000 is too low for a General Contractor Class B license bond in South Carolina. This figure may correspond to specialty contractor or lower-tier licensing requirements in South Carolina or other states.
Option D: $10,000
Incorrect. $10,000 is the bond requirement for a Mechanical Contractor license in South Carolina, not a General Contractor Class B license. The answer choices are designed to test knowledge of specific bond amounts for different license types.
Memory Technique
General Contractor Class B = $15,000. Think: 'B' for 'Bigger bond' than Mechanical ($10,000). GC Class B: 15 = 1+5 = 'one step above' $10K. Mechanical = 10K, GC Class B = 15K.
More South Carolina Questions
What is the maximum contract value a Tier 1 residential contractor can undertake in South Carolina?
Under South Carolina law, a contractor discovers a material defect in their work 6 months after project completion. The owner demands immediate correction. What is the contractor's legal obligation?
A contractor has 15 employees and annual payroll of $780,000. The workers compensation rate is $4.25 per $100 of payroll. What is the annual premium?
According to SC building codes, what is the maximum allowable deflection for a residential floor joist with a 16-foot span under live load?
A subcontractor completes $25,000 of electrical work but is not paid by the general contractor. The general contractor was paid by the owner. What is the subcontractor's lien priority against the property?
A contractor receives a stop work order from the building official. Work continues for 3 additional days before stopping. What penalty applies per South Carolina building codes?
Under South Carolina workers compensation law, which of the following employees would be exempt from coverage requirements?
Under South Carolina contractor licensing law, how many hours of continuing education are required annually for license renewal?
A Class B contractor wants to bid on a $750,000 commercial project. What must the contractor do to be eligible?
A contractor's license expires on June 30th. They submit renewal application and fees on July 15th. What additional penalty must they pay?
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