Where a Tennessee general contractor license transfers

Tennessee licenses contractors at state level, and the unlimited tier is the BC family of building classifications issued by the Board for Licensing Contractors under T.C.A. Title 62, Chapter 6. BC-B Commercial covers buildings for use and occupancy by the general public, including residential buildings of more than four units or more than three stories; BC Building Construction is the full classification covering residential, commercial and industrial work and all 34 building categories; BC-b(sm) is small commercial capped at $1,500,000 and BC-C is industrial. A license is required before bidding on, offering on or contracting for a project of $25,000 or more. The license is held by the business, issued in the entity's exact name and qualified by a named Qualifying Agent who is an owner, officer or full-time employee and who sits the examinations, so an inbound contractor applies as or for the entity that will sign contracts. Every license carries a monetary limit set at ten times the lesser of working capital and net worth on a CPA-reviewed or CPA-audited financial statement, plus documented experience on projects of that size; above $3,000,000 the statement must be audited, and unlimited means showing $300,000 in both working capital and net worth. Tennessee accepts the NASCLA Accredited Examination for Commercial General Building Contractors in place of its own commercial trade examination, and has trade exam waiver agreements with a short list of named states.