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Web16. jun 2024. · Most obligate you to be licensed at the state level. Others only need municipal or county authorization. In general, a job with a budget of over $1500 requires an official license for a legal contract. Look up your state's requirements at Contractor Training Center to learn how you can get licensed. Insurance WebSome general contractors charge a flat fee. Most charge a markup, which is a percentage of the overall completed project cost. The markup amount covers their overhead, including advertising, insurance, office expenses, and their own salary. The contractor should outline all payments and expenses in the contract at the outset.
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