South Carolina Statutes
§ 40-11-340 — Qualifications for acting as sole prime contractor.
An entity licensed under the classifications or subclassifications in Sections 40-11-410(1), (2), or (3) may act as a sole prime contractor on a project if forty percent or more of the work as measured by the total cost of construction falls under one or more of the licensee's license classifications or subclassifications. An entity licensed under the classifications or subclassifications in Section 40-11-410(4) and (5) may act as sole prime contractor if fifty-one percent or more of the work falls under one or more of the licensee's license classifications or subclassifications.
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South Carolina § 40-11-340 (Qualifications for acting as sole prime contractor.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1998 Act No. 440, SECTION 1.
Nearby Sections
15
§ 40-11-10
South Carolina Contractor's licensing Board created; membership; terms; filling vacancies.§ 40-11-100
Violations; administrative citations; cease and desist orders; administrative penalties; appeals.§ 40-11-120
Other sanctions.§ 40-11-130
Denial of license or certificate.§ 40-11-140
Prior criminal record.§ 40-11-150
Voluntary surrender of license.§ 40-11-160
Appeal.§ 40-11-170
Costs of investigation and prosecution.§ 40-11-20
Definitions.§ 40-11-200
Unlawful practice; penalty.§ 40-11-210
Injunctive relief.§ 40-11-230
Certification as qualifying party.