This form is designed for use between Security Contractors and Property Owners and may be executed with either a cost plus or fixed fee payment arrangement. This contract addresses such matters as change orders, work site information, warranty and insurance. This form was specifically drafted to comply with the laws of the State of South Dakota.
Contractor In South Dakota With Hot Tubs
Category:
State:
South Dakota
Control #:
SD-00462-20
Format:
Word;
Rich Text
Instant download
Description
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How to fill out South Dakota Security Contract For Contractor?
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FAQ
A 2% contractor's excise tax is imposed on the gross receipts of all prime and subcontractors engaged in construction services or reality improvement projects. The work must be for the utility company and the prime contractor must receive payment directly from the utility company to be taxed under SDCL 10-46B.
An individual must be licensed before starting work in South Dakota. All contractors must be licensed regardless of the amount of the receipts they have or the amount of tax due.
Please note that all construction in South Dakota is required to adhere to the most recent State of South Dakota adopted building codes, even if a licensed design professional is not required.
In South Dakota, there are no statewide licensing requirements for general contractors.
General Contractor License Requirements in Sioux Falls, SDTake and passing the Construction Supervisor Examination.Secure an Excise Tax Number.Maintain a $20,000 Compliance Bond.Provide a Certificate of Liability Insurance with a minimum of $300,000.More items...