Contracting managers may also need to purchase general liability insurance. The cost of a bond may also differ according to your business entity designation. In addition to those basic requirements, general contractors with employees must receive the applicable bond insurance and licensure for the type of contracting work they are performing. This experience must fit within ten years of applying, and it must be verifiable. The experience must cover four full years at the journey level or as a foreman, supervisor, or contractor for the classification the applicant is seeking. Licenses for electricians and plumbers have their own requirements and application processes. Alternatively, you may be represented by somebody else who meets these requirements and will act as your Qualifying Individual (QI).
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