This course has been discontinued
If your FICO score is less than 660 and application for your contractor's license, a letter of credit or bond is required to show financial stability. The amount required is $20,000 for Division 1 contractors and $10,000 for Division 2 Contractors. If contractors take this 14 hour Financial Responsibility and Stability course approved by FCILB the letter of credit or bond may be reduced to $10,000 for Division 1 and $5,000 for Division 2 Contractors. This program may also be assigned to a contractor by FCILB as part of a plan for reinstating a license or as part of a disciplinary action.
This course is given in 12 separate lessons.
- Lesson 1: AEC Success: Business Development and Sales (1 hour)
- Lesson 2: AEC Success: Time Management and Billable Hours (1 hour)
- Lesson 3: AEC Success: Effective Time Management (1 hour)
- Lesson 4: Financial Management 1: Negotiating Contracts (1 hour)
- Lesson 5: Financial Management 5: Strategic Planning & Budgeting (1 hour)
- Lesson 6: Financial Management 6 & 7: Financial Controls, Monitoring & Project Budgeting (1 hour)
- Lesson 7: From Project Manager to Principal 3: Negotiation Outcomes & Strategies (1 hour)
- Lesson 8: From Project Manager to Principal 4 & 5: Manpower & Quality (1 hour)
- Lesson 9: From Project Manager to Principal 6: Financial Management (1 hour)
- Lesson 10: Running Your Own Consulting Business: Revenue & Profit (2 hours)
- Lesson 11: The Ultimate Project Manager, Chapter 03: The Contract Agreement (2 hours)
- Lesson 12: The Ultimate Project Manager, Chapter 16: Project Financial Management (1 hour)