The Best Way to Win the Job as a General Contractor in Florida

The Best Way to Win the Job as a General Contractor in Florida

Your job as a general contractor in Florida is to simplify the construction or remodeling process for the homeowner. In many cases, homeowners have had a bad experience or have heard horror stories by a friend who’s had a remodeling project go badly. This is usually due to an unreliable general contractor. Therefore, the best way to win a job is to build the customer’s confidence in your business. They are more likely to choose your services if you answer their questions, ensure your paperwork is in order, share good references, offer a written estimate and set up clear terms of payment.   1. Answer All Their Questions Quickly and Efficiently The way that you conduct yourself in your dealings with the client, gives them a good idea of what they can expect for the rest of the project. Prior to the homeowner signing with you, ensure that you answer all their questions as fully and as quickly as possible. This will allow the client to see how you will conduct yourself as their advocate once the contract has been signed. Answer all questions thoroughly and make it easy for them to understand. Homeowners want to be confident that they comprehend the implications for the project. For example, they want to know their expected cost and the estimated timeline for the project. Be as transparent about the whole process as possible, so that your client feels comfortable moving forward with you at the reins. 2. Ensure That All Your Paperwork is in Order A homeowner or building owner, especially for larger projects, will do their due diligence researching your...
Protecting Yourself as a Contractor: The Importance of Notice Commencement and Lien Laws

Protecting Yourself as a Contractor: The Importance of Notice Commencement and Lien Laws

When you are in possession of your Florida contractor’s license and ready to start working on large-scale projects, it is essential to take the time to ensure that proper procedure is followed. This not only benefits you as the contractor’s license holder, but also the workers who will complete the project alongside you. What is a Notice Commencement? A Notice Commencement is a legal document that makes a project’s commencement known, which is filed by the owner of the property, or the owner’s agent. This document should be used when making improvements or alterations to a property which total $2500 or more ($7500 for mechanical) and should be displayed prominently at the job site. It provides critical information, such as the property owner’s name and address, and the address of the project. These details are important for everyone who is working on the project, like the workers who are providing labor and materials, so that they are able to file a Notice to Owner and secure their lien rights. The Notice Commencement must be filed before the project begins, but no more than 90 days before the start of the project. Failure to begin the project within 30 days of recording voids the notice. How does it Benefit Me? As an individual with a contractor’s license in Florida, the information contained within the Notice Commencement is vital in case there are issues with payment and it becomes necessary to file a lien. What is a Lien? Whether you hold a general contractor license or something more specialized, it is essential to be aware of the possibility that you may need...

Do I need a Florida Contractor Credit Report for my Electrician License? — Contractor Reporting Services

There are several requirements you must meet before you can obtain your electrician contractors license in Florida such as Florida contractor credit report. Among the many requirements of experience and examination, the most difficult requirement for many people to meet is the Financial Stability requirement. The Financial Stability requirement for general contractors states that you must have a Contractor Credit Report showing you have a personal credit score of 660 or higher. While electricians are not required to prove their FICO credit score in order to obtain their license, they must prove that there are no outstanding liens or judgments against them. This is a requirement for electricians before you can earn your contractors license. Unfortunately, many electricians are not aware of the Florida contractor credit report requirement, and they find themselves in a tough position of not being able to prove their financial stability in order to obtain their license. For this reason, we are sharing the FL contractor credit report requirements and the most frequently asked questions surrounding this topic. Frequently Asked Questions about Florida contractor credit report for electricians Q:  Do I need a FL contractor credit report if I am just getting my electrician license? A:  Yes, every contractor in Florida is required to obtain a Florida contractor credit report to prove financial stability. The other requirements for financial stability can be found at the FL License website. You can also contact our team for FL contractor credit report services to walk you through the process, obtain the credit report for you, and send in the required documentation for your contractor license. Q:  What happens...

Frequently Asked Questions about Florida Contractor Credit Reports for HVAC specialists

Most contractors have many questions about the financial stability portion of the general contractor licensing requirements for HVAC specialists. Our Florida contractor credit report team is here to help you find answers and establish your financial responsibility so you can earn your general contractors license in Florida and HVAC specialists. Please review the Frequently Asked Questions about Florida contactor credit reports and contact our team with any questions: Q:    Why is a Florida contractor credit report needed? A:    Contractors must establish their financial responsibility with the state in order to prove that they are financially capable of opening a business and receiving the line of credit needed to build a successful company. Unfortunately, Florida has suffered from several “fly by night” contractors who have made significant errors on buildings and then went out of business before the client could have the problem corrected or get a refund. Establishing your financial responsibility is a way of determining your eligibility to earn your contractor license. Q:    What is the Florida contractor credit score requirement? A:   The Florida law states that contractors must have a FICO credit score of 660 or higher to establish financial responsibility. Q:   What if my credit score is below 660? A:   If your credit score is below 660, you may need to file other documentation to prove your financial responsibility. Florida Department of Business and Professional Regulation states that the following requirements must be met if you do not have a credit score of 660 or higher: If an applicant does not have a 660 credit score at the time of application, the...

How to prove your financial responsibility with our Florida Contractor Credit Report service – Contractor Reporting Services

One of the most important steps during the general contractor licensing process in Florida is proving financial responsibility. People striving to earn the Florida HVAC license and general contractor license must submit a Florida Contractor Credit Score, as well as other documentation to prove financial responsibility. You cannot earn your contractors license without meeting this requirement. At Contractor Reporting Services, we offer Florida Contractor Credit Report services to help you organize and send the proper documentation and make sure you meet the requirements to be deemed financially stable. In order to receive your contractor license, you must have a FICO credit score of a 660 or higher. If you do not have a contractor credit score of 660 or higher, there may be different methods of proving your financial stability. One way that our Florida Contractor Credit Score services can help you prove your financial stability is to walk you through the process of getting a surety bond, which is part of the financial stability requirement if you have a credit score lower than 660. Here is what DBL Surety, LLC says about Florida contractor credit surety bonds: Florida Division I and II Contractor License Bonds are a new requirement by the State of Florida for all Division I and II Contractors with FICO derived credit scores less than 660… Florida Division I and II Contractor License Bonds – Sub 660 FICO Score are required to demonstrate financial stability to the State of Florida The bond amount needed for a Florida Division I Contractor with a sub 660 FICO score is $20,000 and the amount needed for a Florida...

Credit Reports Florida Contractor and why it is Important to have a Good Credit Score

We’ve discussed the requirements to earn your general contractors license like Credit Reports Florida Contractor in several previous blogs. However, most people still don’t know that you are required to produce a personal and commercial (if applicable) FICO credit statement in order to prove financial responsibility before you can receive your general contractor license in Florida. As a matter of fact, Florida requires more than simply a credit report to prove your financial responsibility before you can earn your general contractor license. According to Florida law, there are several components needed in order to prove your financial responsibility before you can move forward with your career as a general contractor. Here is the list of requirements needed to prove your financial responsibility from the official Florida state general contractors website:   There are no unsatisfied liens against the applicant or the company he or she intends to qualify There are no unsatisfied judgments against the applicant or the company he or she intends to qualify Applicant has a 660 FICO derived credit score or higher, or submits a licensing bond or irrevocable letter of credit The licensing bond or letter of credit shall be maintained until the applicant has achieved a FICO credit score of 660 or higher   Without a good FICO credit score of 660 or higher, there are more requirements to meet before you can obtain your Florida general contractor license. There are still ways to prove your financial responsibility, but having a low FICO credit score adds more steps to the process.   Contractor Reporting Services Credit Report Service When helping you build your career as a...