South Carolina Contractor's Licensing Board, Department of Labor, Licensing and Regulation

General or Mechanical Contractor License

The threshold doubled to $10,000 in May 2023, for general and mechanical contracting alike, so anything published before then understates it at $5,000. Three hundred and fifty dollars to license and $135 to renew every two years, with late penalties climbing from $100 to $200 as the delay passes thirty and sixty days. The fee is not the constraint — your financial position is, because the license is issued in one of five groups that cap what you may bid. Group one is limited to $100,000 a job and needs $20,000 of net worth or $10,000 of working capital; group two $400,000; group three a million; group four three million; group five is unlimited and needs $350,000 of net worth or $250,000 of working capital plus an audited balance sheet on first application. Groups one and two accept an owner-prepared statement with an affidavit, three and four need a compiled statement from an accountant. A surety bond may be posted instead of financial statements. Mechanical contractors run on a separate and much lower group table, starting at $35,000 a job. Residential work belongs to the other board entirely.