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Per the Code of Laws of South Carolina, surety bond requirements by classification are as follows; $15,000 surety bond for Residential Builders / Certification of Authorization. $10,000 surety bond for Licensed Residential Specialty Contractor (HVAC, plumber, or electrician)
For handyman projects valued below $5K, there is no license needed. The main difference between a handyman and contractor is: As a handyman, you are able to complete small residential projects, like home repairs and maintenance.
General and mechanical contractors who want to work on commercial and industrial projects valued at over $5,000 need to carry a license (the license also allows them to work on residential jobs). These licenses fall under the control of the South Carolina Contractor's Licensing Board.
Electrical Contractor Licensing & Exam Prep All applicants must pass the Business Management & Law exam in addition to one of the Electrician exams offered in South Carolina. Applicants can elect to sit for either the South Carolina Electrical Contractor Exam or the NASCLA Accredited Exam, both offered by PSI.
While you don't need a license to be a handyman in South Carolina, a general contractor license can increase your earning potential because you can take on bigger jobs valued over $5K. Starting out as a handyman in South Carolina, you can expect to earn $40K per year.
The easiest kind of contractor's license is a Class ?B? Contractor's License. This license allows you to do general contracting work. There are also licenses for specialty contracting work called a Class ?C? Contractor's License. These are for jobs like plumbing or electrical.
A General or Mechanical Contractor's license is required for anyone performing commercial construction over $10,000 in the regulated classifications listed in Title 40, Chapter 11, Section 40-11-410, An Act to Regulate the Practice of General and Mechanical Contracting in S.C.
You'll need a general contractor license from the South Carolina Contractor's Licensing Board to work on most residential, commercial and industrial construction projects over $5,000, although there are a few exceptions.