Day: February 5, 2024

South Carolina Contractor License SearchSouth Carolina Contractor License Search

south carolina contractor license search

How long is a construction loan? contractors to be licensed in order to perform work for its residents. The state licenses general, mechanical and specialty contractors as well as those who repair or install manufactured homes. The licensing process is overseen by the department of labor, licensing and regulation. Those interested in applying for a license may do so online or by sending in a paper application. There are some important details to keep in mind, including examination requirements, surety bond requirements and financial statement submissions.

To obtain a contractor’s license in the state of South Carolina, individuals must first prove they have relevant experience working in their trade. Once that step is completed, they must pass an exam administered by PSI. The specific exam they need to take depends on their desired license group, and will include a technical exam relating to their designated area of expertise as well as the Business Management and Law exam.

South Carolina Contractor License Search

All contractors must also post a surety bond before their license will be issued. The amounts required vary depending on the specific classification and license type. The bonds act as a protection for homeowners who hire unlicensed contractors and help ensure that the contractor will complete projects within their scope of work and within a timely manner.

For those who don’t want to purchase a surety bond, they must submit financial statements with their application. These can be owner-prepared or audited by a CPA or PA.