Project Contractor Salary In Ohio
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In Ohio, any business with employees–even a single employee–is required to carry workers' compensation coverage. However, a sole proprietor, sole proprietor operating as an LLC, or partner in a business is not required to participate in the Ohio workers' compensation program.
Lien due 75 days from last furnishing labor or materials, 60 days on residential. In Ohio, an action to enforce a mechanics lien must be initiated within 6 years from filing of lien. Notice of furnishing due within 21 days of first furnishing labor or materials - or 21 days from filing of notice of commencement.
Ohio's Prompt Payment laws require payments to material suppliers within 10 days after their hiring party receives payment.
The law also places a limit on the amount a contractor can take as a down payment or deposit before work starts. Unless there are custom or specialty orders for materials, the contractor cannot ask for more than 10% upfront before work starts.
Today, many industry-standard construction contracts contain a “correction period,” which is a period of time (typically one year) following final project completion during which an owner may require the contractor to return to the job site and correct defective work at the contractor's expense.
Retainage limits On public construction projects in Ohio, the amount of retainage is capped at no more than 8% of the total contract value. However, when the project reaches 50% completion and satisfactory progress is being made, no more retainage may be withheld for the remainder of the project.
Prevailing wage rates in Ohio WageFringe Commercial spray painter $26.23 $12.89 Electrician $34.25 $21.26 Roofer $25.63 $20.07
Total PWR 0-1000 hrs $36.17 1001-2000 hrs $39.77 2001-3000 hrs $43.36 3001-4000 hrs $46.9611 more rows •
As a general contractor, you can expect to earn a median wage of $62,000 per year, or $30 per hour, ing to the U.S. Bureau of Labor Statistics. This is significantly higher than the median wage for all occupations in the United States, which is just $36,200 per year.
Frequently asked questions about Contractor salaries The average salary for a Contractor is ₹7,14,955 per year in Bangalore. The highest salary for a Contractor in Bangalore is ₹13,65,649 per year. The lowest salary for a Contractor in Bangalore is ₹4,39,261 per year.
