Tennessee Business and Law Exam

Requirements:

A contractors License in Tennessee is required for projects that exceed $25,000.

  • Anyone seeking to become a contractor in Tennessee is required to sit for two exams, business and law and the trade.
  • Please note that the Limited Licensed Electrician and the Limited Licensed Plumber classifications do NOT require the business and law exam to be passed.
  • Workers Compensation is required
General liability insurance requirements are based on your monetary limit.
  • If your monetary limit is up to $500,000, you will need to provide $100,000 coverage.
  • If your monetary limit is $500,001 - $1,500,000, you will need to provide $500,000 coverage.
  • If your monetary limit is greater than $1,500,000 you will need to provide $1,000,000 coverage. 
Exam:
  • The testing company is PSI (1-800-733-9267)
  • 50 questions and an 2-hour time limit
  • 73% is required to pass the exam
  • The exam fee is $44.
  • Topics on the exam include licensing requirements, estimating and bidding, business organization and financial management, tax laws, labor laws, project management and lien law, contractors, risk management, and environment and safety.
References:

The following reference is permitted to be taken into the examination. This reference may be tabbed (with a permanent index tab) and highlighted. It is available for purchase from our online contractor’s bookstore or by calling our office at 1-800-952-0910.

  • Tennessee Contractors Guide to Business and Project Management
Training:

We offer review for the Tennessee Contractor Business and Law Exam through ½ day seminar or in a home study/tutorial format. The fee for the class or study guide is $95. At class, students will receive a study guide includes sample questions as well as a highlighting guide for the approved reference. For more information on either attending a seminar, or to order, contact our office at 1-800-952-0910.

Online Class Price: $69
Seminar Price: $95

We now offer review for this exam online! Click here to enroll or call 1-800-952-0910!

 
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