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Any contractors conducting business activity in Delaware are required to register with and obtain a business license from the Delaware Division of Revenue.
The 4 Different Types of Construction Contracts Lump Sum Contract. A lump sum contract sets one determined price for all work done for the project. ... Unit Price Contract. ... Cost Plus Contract. ... Time and Materials Contract.
All general contractors working in Delaware, both resident and nonresident, need to register with the Delaware Division of Revenue. However, they do not need licensing at the state level.
Pursuant to 19 Del. Chapter 36, All contractors must obtain their Contractor Registration Certificate prior to performing construction services or maintenance work throughout Delaware.
3 Types of Construction Contracts: Their Pros and Cons for Owners and Contractors Fixed Price. The most common type of contract is the fixed price contract, also known as the lump sum or stipulated sum contract. ... Cost-Plus Fee. ... Unit Price.
A check must be made payable to the Delaware Division of Revenue. Please attach and send your check for the licensing fee with your application. $75 annual licensing fee for both contractors and subcontractors (may be prorated the first year).
Top 10 Common Mistakes that We See in Construction Contracts It's not written down. ... Both parties haven't signed the contract. ... Not all of the terms of the agreement are in writing and in the contract. ... The timeline is unclear. ... Particular terms aren't defined. ... There's no written approval of any changes to the contract.
Delaware. There is no specific handyman license. General contractors in Delaware require a business license for revenue purposes and must register with the state to work on projects worth more than $50,000.