Alaska Account Stated for Construction Work
Description
How to fill out Account Stated For Construction Work?
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FAQ
To add a residential endorsement to your Alaska contractor license, you need to do three things: Take the required 16-hour course. The state requires a 16-hour cold climate course for residential contractors. ... Pass the Alaska residential contractor endorsement exam. ... Submit your application.
In Alaska, most contractors that perform residential home improvements must be licensed by the Division of Corporations, Business and Professional Licensing. Among other requirements, general contractors must post a bond for $25,000 and specialty contractors for $10,000.
Obtain Your Contractor License Bond General contractors: $25,000 bond. General contractors with residential endorsement exclusively performing residential work: $20,000 bond. General contractors/handymen (project valued under $10,000): $5,000 bond. Speciality and/or mechanical contractors: $10,000 bond.
Alaska requires everyone who performs contracting work for hire to carry a contractor license of some type, and many general contractors may even need an additional residential license.
How to Obtain a License in Alaska An Alaska Business License. A registered Tax Identification Number. Proof of General Liability Insurance. $20,000 for Property Damage. $50,000 for Injury or Death to one person. $100,000 for Injury or death to more than one person. Proof of Workers' Compensation insurance. A Surety Bond: