In Florida, general liability insurance isn’t required, but it is recommended. Without it, you’ll have to pay for claims of bodily injury and property damage out of pocket. However, workers’ compensation insurance and commercial auto insurance are required in the state.

To become a state certified contractor in Florida, you must:  

• Obtain a passing score on all parts of the Florida State Construction examination.  
• Be at least 18 years of age.  
• Meet the educational/experience requirements.  
• Be of good moral character.  Pay all applicable fees.  
• Obtain worker’s compensation coverage.  
• Demonstrate financial responsibility. 

Make sure you understand the requirements for the Florida State Construction license you are trying to obtain before registering for the examination. If you take an examination but do not meet the qualifications for that license, you will not be granted a license, even if you pass the examination. Professional Testing does not grant licenses or make decisions about a candidate’s eligibility for licensure. 

Questions about license categories and qualifications are answered on the DBPR/BET website at: http://www.myfloridalicense.com/DBPR/construction-industry/ or you may contact the DBPR/BET Customer Contact Center at 850-487-1395 or complete the on-line active form and submit to Customer Contact Center at the following link: http://www.myfloridalicense.com/DBPR/contact-us/.

Exam Overview

The Florida Business and Finance Exam is a computer based testing and will be administered in two sessions. Business and Finance will be a 6.5 hour exam and all Trade Knowledge will be a 5 hour exam with the exception of Air A and Mechanical, which will be a 7.5 hour exam. General, Building and Residential Contractor exams will be administered in three sessions. Business and Finance will be a 6.5 hour exam and Contract Administration and Project Management each will be a 4.50 hour exam.

Exam Topics

Establishing the Contracting Business (Area A) 11%

• Determine the Contracting Business
• Develop the Business Plan
• Establish Relationships with other Professionals
• Acquire Fixed Assets
• Obtain Insurance

Managing Administrative Duties (Area B) 26%

• Develop the Business 
• Determine Outsourced Services
• Determine Business Overhead
• Preparing Bids/Proposals
• Purchase Materials/Supplies
• Prepare Invoices/Draw Requests
• Develop a Safety Program
• Maintain Insurance
• Managing Contracts

Managing Trade Operations (Area C) 10%

• Schedule Trade Operations
• Maintain Osha/Safety Records
• Purchase/Order Materials & Supplies
• Leasing/Purchasing Equipment
• Manage Material/Tool/Equipment Inventory

Conducting Accounting Functions (Area D) 32%

• Manage Accounts Receivable
• Manage Accounts Payable
• Manage Cash Flow
• File Tax Forms & Returns
• Track Job Costs
• Calculate Employee Payroll

Managing Human Resources (Area E) 6%

• Hire New Employees
• Develop Human Resource Policies & Procedures
• Evaluate Employees

Complying with Government Regulations (Area F) 15%

• Comply with Federal Law & Regulations
• Comply with State Law & Regulations

The Florida Business and Finance Exam Prep course is available in the comfort of your home using a detailed presentation that takes you through all the information you will need to pass the exam on your first try. You will have access to this course for a full year so you can study at your own pace. Our course is available 24/7 on mobile and desktop.

Our courses are designed to help you become familiar with the references and allow you to find the information quickly as the exams are timed. 

You have complete access to your course for 365 days. 

You will access practice tests which require a 90% or above. 

We encourage you to take the practice exams multiple times as the questions on the test change each time. Our courses are designed to help you become familiar with the references and allow you to find the information quickly as the exams are timed. 

Comprehensive Content Coverage: Our course offers extensive coverage of all the essential topics and subject areas that are commonly tested in the Florida Business and Finance Exam Course. From building codes to construction practices and legal regulations, we ensure you are well-prepared for the exam. 

Most Up-To-Date Material: You can trust that our course materials are always up-to-date, aligning with the latest industry standards and regulations in Florida. Stay current with the most relevant information for your exam. 

Practice Questions: Get access to a diverse range of practice questions similar to those you will encounter in the actual exam. Practice makes perfect, and our questions help you become familiar with the format and types of questions you’ll face. 

Sample Exams: Our full-length practice exams simulate the real testing conditions, providing you with valuable exam experience. Assess your readiness, identify areas for improvement, and build confidence in your abilities. 

Explanation of Answers: We offer clear explanations for correct answers, helping you understand the reasoning behind them and learn from any mistakes you make in your practice sessions. 

Access to Instructors: Our team of knowledgeable instructors is available to support you throughout your learning journey. Ask questions, seek clarification, and benefit from their expertise. 

Time Management Strategies: Learn effective time management techniques to optimize your performance during the exam. Master the art of pacing yourself and maximizing productivity within the allocated time frame. 

Tips and Tricks: Discover helpful tips and strategies to tackle different types of questions with ease. Our expert insights will boost your confidence and test-taking skills. 

Study Plan Guidance: Our structured study plan is tailored to the exam’s content, keeping you focused and organized in your preparation. Follow our roadmap for success. 

Reference Materials: We provide recommendations for additional reference books or resources to supplement your understanding of key concepts, giving you a well-rounded knowledge base. 

Progress Tracking: Monitor your progress with our built-in tracking tools. Identify areas of strength and weakness, allowing you to adjust your study plan for targeted improvement. 

Supportive Learning Environment: Our course fosters a positive and engaging learning environment, motivating you to stay committed and achieve your best results.