MS BUILDING CONSTRUCTION LICENSE
PROFILE OF A BUILDING CONSTRUCTION CONTRACTOR IN MISSISSIPPI
Anyone engaging in or proposing to engage in commercial construction or public works projects in excess of $50,000 in the State of Mississippi is considered a Commercial Contractor and must, by law, possess a Building Construction License issued by the state. Once licensed, the contractor may engage in commercial and industrial construction in addition to residential construction.
PROCESS OF BECOMING A BUILDING CONSTRUCTION CONTRACTOR IN MISSISSIPPI
The standards for becoming a Commercial Contractor are similar to that of a Residential Builder, but, as one might expect, they are higher.
- Along with proof of workers’ compensation insurance, the application must also submit proof of general liability insurance with a minimum coverage of $300,000 per occurrence and $600,000 in aggregate.
- The applicant must be either an owner, officer, executive or “responsible managing employee.” Proof of ownership, office, or employment must be presented with the application.
- In addition, the entity applying must submit an audited financial statement that demonstrates a net worth of a minimum of $50,000.
The testing requirements, structure and fees are essential the same as for a Residential Builder. The exam, however, covers a wider variety of subject matter to include that which is particularly common to commercial and industrial construction.