The construction industry is one of the fastest growing industries in America. In fact, the construction industry gained 210,000 jobs in 2017 alone, compared to the 155,000 added jobs in 2016. But throughout the industry, there are several different job titles and certifications workers can obtain. One of the most common routes for contractors to take it to obtain a state-issued license. This article is going to explore a few key benefits of becoming a licensed contractor.
What Does it Mean to Be a Licensed Contractor?
Being a licensed contractor essentially gives you the right to buy certain tools and take on big projects, like building houses and office buildings. These jobs require the help of a licensed contractor because if someone were to hire a contractor without a license, they could risk being scammed or ending up with an unsafe structure. Getting your license tells people that you’ve passed the tests, paid the fees, and are legally allowed to work on construction projects. While there are certainly home services that can be done by contractors without a license, bigger projects, like the ones that need to be bid on, should always be done by licensed professionals.
Benefits of Getting a Contractor License
There are several benefits to getting your Nevada contractor license. First and foremost, going through a Nevada contractor bond service gives you more credibility as a contractor. When potential customers see that you have a contractor license, they’re not only more likely to hire you for the job, but they’re also more likely to instill their trust in you. Along with increased credibility, having a license also opens up the opportunity for taking on higher-paying jobs. This can be done by taking on larger jobs or simply asking for higher rates from customers. Additionally, having a license allows you to work on your own time — since you’re essentially you’re own boss, you can decide when to work, which jobs to take, and overall do what you want in regards to taking on work. And because you’re licensed, you can have other contractors or laborers work under you, meaning you can take on more projects for higher profit. All in all, there are numerous benefits to looking into Nevada contractor licenses.
Hopefully, this article provided some insight into the great benefits of becoming a licensed contractor. If you’re interested in learning more about the Nevada contractor license requirements, call Contractor’s Exam Center Inc. today for more information.
Contractors Business Tips to Get You Started
Once your exam is passed, your bonding is in place, and your license number is issued, what next? Here are some important contractors business tips compiled from numerous sources to keep in mind when starting your new business. Each State Contractor Licensing Board has laws that should be reviewed for changes and updates on laws on Contractor Requirements. Go to the following websites for Nevada, California and Arizona Contractor License requirements.
Nevada: Nevada State Contractors Board
California: Contractors State License Board
Arizona: Arizona Registrar of Contractors
Contractors Business Tips: Follow These Steps
- Enlist the services of required professionals, (legal, accounting, insurance, etc)
- Research and obtain general liability and other required insurance. Contractors Exam Center can assist you with this step.
- Obtain required state, city, and county licenses.
- Finalize your Business Plan. A great resource is SCORE (Service Corps of Retired Executives) https://www.score.org/ , Small Business Administration https://www.sba.gov/ and Minority Business Enterprise http://www.mwbe-enterprises.com/mbe/.
- Research sources for financing.
- Hire necessary employees.
- Secure Workers Compensation For quotes: http://contractorsexam.com/contact-us/
- Obtain pre approval for contract bonding, for more information: http://contractorsexam.com/bonding-services-arizona-nevada/
- Print Business Cards, great deals can be found at: http://www.vistaprint.com/?couponAutoload=1&GP=7%2f25%2f2016+4%3a32%3a59+PM&GPS=4021502237&GNF=0.
- Order tools and Equipment.
- Prepare Contracts .
- Check to ensure licenses or persons with whom you contract are active and valid.
- Be sure that the contract is within the scope of work/license classification. If any additional licenses are required we offer exam prep and possible exam waivers, contact us at: Contact Us – Contractors Exam Center – Arizona and Nevada Contractor’s License.
- If it is not in your contract, it doesn’t exist. Make sure all change orders are in writing and signed by all parties.
- Make sure your license number is on all business advertisements, vehicles, business cards, letterhead, website, and any other place your business name appears in public.
- If your address or other pertinent information about your business changes, notify your state Board immediately.
Bonding Insurance Evaluation
Please call and check with one of our experienced license agents for your bonding and insurance needs Contractors License Center has a new instant quote page, Contact Us – Contractors Exam Center – Arizona and Nevada Contractor’s License.