Six Easy Steps To Becoming A Contractor in Florida

Did you know that approximately 90% of all contractors’ applications are rejected in the state of Florida?

This is not because they don’t want to supply you with a license. Moe likely it is because the applicant who is submitting the application might have missed something like a simple document, forgot to submit their fingerprints or even the correct insurance required. All these items factor into the approval of the general contractor’s license in the state of Florida and can hold the approval process up for an excruciating long time.

Contractors Reporting Services can ease the hurdles and frustrations you will face in this process. Our team has years of experienced professionals to take the headache off of your hands and supply you with a fast turnaround time, so you can start your dream career.

Being a Certified General Contractor will open your company to unlimited growth and revenue in the whole state of Florida. The registered license will limit you from working only in your local jurisdiction. It also will help you establish accountability in your work. Certification will give your clients the confidence to use you over other people in the industry. If you have passed your Florida contractors examination but do not have your General Contractors license; every day you are losing the potential for your company’s growth.

Contractors Reporting Services are here to help you by taking the burden off your hands so that you can do what you do best...lead your company to success. This allows us to work in the background by getting your general contracting business up and running quickly and smoothly.

Below are the six steps our professionals can assist you with by making it a simple stress-free process.

#1 The Application:

In order to obtain your general contractors, license you need to fill out a lengthy application. The Sunshine State in particular can be complicated. This can be a very rigorous process if you are not familiar with it. You can spend days if not weeks of researching information; which will take time away from what you need to be focusing on, your company. We are here to assist you in this process. Contractors Reporting Services is here to do the research for you. Your time is important and this is one less thing you need to worry about.

#2 Work Experience and State Examination

The most important information you will need to obtain your general contractors license is to have over four years’ experience in the field as well as passing the Florida contractor license examination. This however is not the hardest part of the application. Experience is one of the post important factors in the approval process. Experience can come from a combination of educational and vocational schools, trainings, and work experience. If you are military or a veteran not only does that experience count as well. You also can qualify for state benefits which we will cover more in the next step. 

#3 Proof of financial solvency, including FICO score.

Obtaining any kind of Florida contractor’s license requires you to supply your financial information to the state so they can verify your financial stability with the Department of Business and Professional Regulation (DBPR) credit report. This includes but not limited to a FICO score above 660. If you have a FICO score less than 660 do not be discouraged and give up. There are avenues you can take to still obtain your license still. One is through a security bond. The general contractors license required bond is $20.000. Now we bet you are wondering about how much you will have to pay for that right? The simple answer is based on your personal and business finances. The typical rate for an average and stable financial applicant is between 0.75% and 5%.

 The second part of this is providing the state with your financial information to determine your financial stability. You will be asked to submit personal and business credit reports; if applicable. This is only done by a list of approved vendors from the state of Florida’s Contractor’s Licensing Board that will be able to supply you with this information.  However, instead of doing even more research in finding those reputable companies, you are already at the right place. Contractors Reporting Services offers you the Florida Contractor Credit Report service to assist you in organizing and sending over the proper documentation the first time around. 

#4 Fingerprinting

Fingerprinting is a requirement for submittal of the application as well. You must complete a criminal background check and submit your fingerprints to the state of Florida. There is a list of vendors that can assist you with your fingerprinting process. Most vendors will require you to have an Originating Agency Identification (ORI) number. Something as small as not having this number or an incorrect ORI number to the provider will prevent the state of Florida from receiving your fingerprints. This will extend the processing time of your application approval; holding you up from starting work as a general contractor.

#5 Proof of Insurance

We understanding getting insurance is a hassle all on its own. When applying for a Florida Contractors License, you will need to supply your insurance information to the state of Florida. This includes workers compensation and general liability insurance. But how much? These are questions we can answer for you to spare you the time in doing so. The minimum general liability insurance has to be $300,000 for bodily injury and $50,000 for property damage. You may also need to show proof that you are holding a construction bond when needed.

#6 Application fees

All applications have required fees for submittal. Licensing fees for certified general contractors varies depending on the time of year that you apply.

  • When applying between May 1st of an even year and August of an odd year you will be spending $249
  • When applying between September 1st of an even year and April 30th of an odd year the cost will be $149

Also, being a current military service member or veteran could possibly qualify you for being exempt from paying the Florida Contractors’ license fees using the Florida Military Fee Waiver verification form. This information you may not have located online in your research but, our team of qualified experts have vas knowledge in how to assist you with your general contractor licensing. 

This might not seem as simple as it appears. It actually is an extremely hard feat to receive your general contractors license in the state of Florida without being held up for not submitting the proper information the first time around. Having to make sure you cross all your T’s and dot all your I’s correctly or the application can be rejected. We are here to educate you.

Contractors Reporting Services in Tampa, Fl, is here to make the process less stressful; as we take the responsibility out of your hands and be your liaison.  We are your one point of contact during the whole process; doing it correctly the first time around. With many years of experience; Contractors Reporting Services will take care of the whole application. So, you can focus on what is important; the growth and future of your company.

Call us today to schedule your appointment with one of our professional contractor consultants.

Contractors Reporting Services

13795 N Nebraska Ave

Tampa, Florida 33613

1.800.487.2084

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