Retainage is limited to no more than 5% of monthly contract payments. This may be reduced/eliminated if progress is satisfactory.
A home improvement contract can include: The name and address of the homeowner. The name, business address, and registration number of the contractor. A description of the work to be done. The scope of work, which includes the main work and what incidental work is and isn't covered by the agreement.
While the state does not have specific “handyman licenses,” most home repair, remodeling, and construction work does need a state-issued contractor's license. This extensive guide will explain all the steps for handymen to legally provide services in Minnesota.
§ 326b. 802, subd. 13 as “a new or existing building constructed for habitation by one to four families, and includes detached garages.” A State building contractor license is NOT required for work on commercial or agricultural buildings, or non-residential buildings with more than four individual units.
How to Get a General Contractor License in Minnesota Step 1: Register for the How to Pass the Minnesota Contractor Licensing Exam® Course Step 2: Register for Your Minnesota Residential Contractor Exam. Step 3: Attend How to Pass the Minnesota Contractor Licensing Exam Course. Step 4: Take the Exam.
A contractor who provides services in more than one special skill area must be licensed. Specialty contractors who provide only one special skill are not required to have a state license (except residential roofers).