Section 24.39.50.100 - LICENSURE01.Renewal. a. Filing Deadline. Applications for renewal of a license must be filed by the last working day of the month in which the license expires.b. Extension of Time. A petition for an extension of time in which to renew must be filed by the last working day of the month in which the license expires and may be extended once for a period not to exceed sixty (60) days. Approval of a petition for extension of time authorizes operation as a contractor.c. Failure to File. If the licensee fails to file a timely application for renewal or petition for extension, the license lapses and expires on the last day of the license period. Licenses not renewed in a timely manner are considered delinquent for a period of one (1) year from the last day of the license period and may be renewed at any time during that year.d. Expedited Licensure. Upon an applicant's request and payment of a fee of one hundred dollars ($100), the Division will expedite its review and determination of a license application.02.Petition to change or add types of construction. A petition to change or add types of construction must be supported by evidence, satisfactory to the administrator, of work history, job performance, experience, equipment, and financial responsibility.03.Application. The applicant must submit to the administrator, on such forms and in a format as the administrator prescribes. a. 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.b. Applicants requesting a higher licensing class must provide documentation of having performed projects similar in scope and character to those for which license is requested. Licenses granted under this rule are valid for twelve (12) months from the date of issuance.c. Extension of Time to File Financial Statement. The administrator may grant an extension of time to file the annual financial statement if the licensee provides an interim compiled balance sheet and income statement for the applicant's fiscal year-to-date. A renewal application must be filed prior to the first day of the licensing period, and is valid for a period of twelve (12) months from the date of the issuance.d. Financial Requirements: LICENSE CLASS | NET WORTH | WORKING CAPITAL |
Unlimited | $2,000,000 | $1,200,000 |
AAA | $1,200,000 | $400,000 |
AA | $900,000 | $300,000 |
A | $600,000 | $200,000 |
B | $300,000 | $100,000 |
CC | $150,000 | $50,000 |
C | $50,000 | $15,000 |
D | $20,000 | $6,000 |
e. Type IV Self Declaration. Upon initial licensure for Type IV licensure or anytime thereafter, an applicant or licensee may voluntarily self-declare a specialty trade of craft. Any self-declaration shall not guarantee competency or otherwise construed as an endorsement to practice the scope of work by the Division of Occupational and Professional Licenses.04.Examination. The Board approves all subject areas and topics to be included in the public works contractor license examination. Applicants for licensure must pass an examination as approved by the Board.a. Professional Testing Services. The administrator may contract with a professional testing service to administer the examination.b. Individual Qualified By Examination. Written notice that the Qualified Individual of a public works contractor has ceased to be connected with the contractor must be provided to the Administrator.05.Limitations.a. One License. A licensee will be permitted to hold only one (1) class of license at any given time.b. Previous License Null and Void. When a licensee of one class has been issued a license of another class, the previous license is null and void.c. Total Bid Cost. The total of any single bid on a given public works project, or the aggregate total of any split bids, or the aggregate total of any base bid and any alternate bid items, or the aggregate total of any separate bid by a licensee of any class, except Class Unlimited, may not exceed the estimated cost or bid limit of the class of license held by the licensee. The aggregate total of bids must include all bids of the subcontractors. Subcontractor bids are not considered a separate bid for the purposes of computing the bid on a given public works project.d. Two or More Licensees. Two (2) or more licensees of the same class or of different classes are not permitted to combine the estimated cost or bid limit of their licenses to submit a bid in excess of the license held by either licensee.06.Construction Manager Examinations.a. If the applicant fails an examination, the applicant may take the examination a second time. If the applicant fails to achieve a passing grade, the applicant must wait for a period set by the Administrator before taking the examination again. The applicant must then take and pass all sections of the examination.Idaho Admin. Code r. 24.39.50.100