Idaho Administrative Code › Title IDAPA 24 - Occupational and Professional Licenses, Division of › Rule 24.39.50 - RULES OF THE PUBLIC WORKS CONTRACTORS LICENSE BOARD › Section 24.39.50.110 - APPLICATION FOR LICENSURE - DOCUMENTATION; APPRAISALS; REFERENCES; BONDING; AND FINANCIAL STATEMENTS

Current through August 31, 2023
01.
Application Documentation
. To obtain a license, the applicant must
			 submit to the administrator, on such forms and in a format as the administrator
			 prescribes, including electronically, accompanied by the required fee for the
			 class of license applied for, a complete written application for such license.
			 All of the information submitted by the applicant must specifically pertain to
			 work that is similar in scope and value to that for which licensure is being
			 requested or that is being requested in a petition to change or add types of
			 construction. The information contained in such application forms must include:
			 (3-28-23)
a. A complete statement of the
			 general nature of applicant's contracting business, including a concise
			 description of the applicant's experience and qualifications as a contractor
			 and a list of clients for whom work has been performed; (3-28-23)
b. A description of the value and character
			 of contract work completed and for whom performed during the three (3) year
			 period prior to filing the application; (3-28-23)
c. A general description of applicant's
			 machinery and equipment; and (3-28-23)
d. An annual financial statement, as herein
			 defined, that covers a period of time ending no more than twelve (12) months
			 prior to the date of submission of the application, indicating compliance with
			 such financial requirements as the Board may prescribe by rule. The applicant's
			 financial statement may be supplemented with: (3-28-23)
i. Bonding. As authorized by Section
			 54-1910(e), Idaho
			 Code, a letter from applicant's bonding company, not an insurance agent,
			 stating the amount of the applicant's bonding capability per project and in the
			 aggregate, including supporting documentation; (3-28-23)
ii. Guaranty. Documentation, satisfactory to
			 the administrator, of the existence of a written guaranty agreement between the
			 applicant and a third-party in which the third-party guarantor agrees to assume
			 financial responsibility for payment of any obligations of the applicant for
			 any particular project as may be determined by a court of competent
			 jurisdiction. The guaranty agreement, along with financial statements meeting
			 the requirements of Paragraph 110.01.e. of this rule, must be submitted with
			 the license application. (3-28-23)
e. For Class A, AA, AAA, and Unlimited
			 license applications, financial statements must be accompanied by an
			 independent auditor's report or be reviewed. For Class B and CC license
			 applications, financial statements must be accompanied by an independent audit
			 report or be reviewed or compiled by a certified public accountant. For Class C
			 and Class D license applications, financial statements must be accompanied by
			 an independent audit report or be reviewed, compiled, or on the form provided
			 by the administrator, and include such additional information as may be
			 required by the administrator to determine the applicant's fitness for a
			 license. (3-28-23)
f. The name,
			 social security number, and business address of an individual applicant or, if
			 the applicant is a partnership, its tax identification number, business
			 address, and the names and addresses of all general partners; and if the
			 applicant is a corporation, association, limited liability company, limited
			 liability partnership, or other organization, its tax identification number,
			 business address, and the names and addresses of the president, vice president,
			 secretary, treasurer, and chief construction managing officers, or responsible
			 managing employee. (3-28-23)
g.
			 Applicants requesting a licensing class higher than that for which the
			 applicant is currently licensed must provide documentation, satisfactory to the
			 administrator, of having performed projects, similar in scope and character to
			 those for which license is requested. The monetary value of those jobs must
			 fall within a range not less than thirty percent (30%) below that for which the
			 applicant is currently licensed. (3-28-23)