Exam Prep Course
14-Hour Financial Responsibility Contractor Exam Prep — DBPR Finance Course
- Course Duration: 14 Hours
- Course Type: Online Pre-Recorded
- Books Required: No Books Required
Florida Contractors Financial Responsibility 14-Hour Course
Florida Contractor Applicants with a credit score below 660 are required to obtain a contractor bond. Division I contractors must obtain a $20,000 Financial Stability bond, and Division II contractors are required to obtain a $10,000 Financial Stability bond.
If applicants complete an approved 14-Hour Financial Responsibility Course, such as this course, the bond requirement is reduced by 50% to $10,000 for Division I and $5,000 for Division II contractors.
This course provides contractors and construction industry professionals with 14 hours of business and financial management in compliance with Florida Statute 489.115(7). The course will cover the basics of sound accounting principles, cash management, and business finances while reinforcing the relevant construction-related statutes, board rules & lien laws.
DBPR CILB Provider #0008872 | Course #0613945
Class Days and Times:
This is an online, pre-recorded course that can be completed at your own time and pace. You may pause, exit, and resume the course at a later time. You do not need to complete the 14-Hour course in one session.
webinar access time
Online Content is available for 180 days after purchase. To extend content access an additional 180 days, a $50 course extension fee is required. If you have any questions, please contact our support team.
There are no books necessary for this course. Everything you need is included within the course.
This course has a 5-question quiz to verify course comprehension upon its completion. There is not a separate exam required to pass this course.
At the conclusion of this course, contractors will be able to understand the following key objectives:
- Compliance with Florida Statute 489.115(7)
- Business and financial management
- Ethics in contracting, what constitutes egregious behavior, common mistakes
- Accounting principles
- Bookkeeping methods
- Lien rights, steps to filing a lien, filing suit when necessary
- Employees vs Independent Contractors
- Workplace Safety
- Workers Compensation