Construction is big business. So much so that is some states this profession commands high salaries with great benefits. In addition to all of the profits that the construction business comes with, however, comes significant risk. Injury, damage, theft, and improper workmanship are just a few of the problems that can occur when a construction company is working on a large contract. As a result, there are a number of times when the contractor bonds and licenses that are in place are as important as the actual bid. For this reason various states have specific requirements in place to protect both builders and customers. From Arizona contractor bond guidelines to the rules that are in place in other parts of the country, it is important to be aware of all the necessary information.
Not surprising, there are specific classes and sometimes entire schools that are set up so that businesses can be adequately prepared. And while there are often different requirements from one state to the next, it is interesting to consider the Nevada state contractors board as this is a group that helps regulate the needs for various large construction projects every year. For instance, Arizona contractor license exam preparation is big business in itself.
Arizona Contractor Bond Classes Help Prepare Applicants for Successful Careers
Similar to other states, Nevada contractor license exam preparation takes a good deal of time and money. When interested applicants work with a reputable preparatory system, however, they can feel confident that they are learning the information that they need to not only pass the exam, but also be successful in the field. Consider some of these facts and figures about the construction contractor bonding industry and the role that it plays in the economy of the nation:
- The U.S. is the second largest construction market worldwide and continues to grow, with a market share of approximately 10 percent.
- Two in three construction professionals believe the market will continue to grow throughout the next year, according to data from the U.S. Chamber of Commerce.
- Approximately 8.4 million people were employed within the construction industry in the U.S. in 2017.
- Private construction spending reached $899 billion in 2016 in the U.S. By 2021, new construction put in place is forecast to reach more than $1.4 trillion.
- The construction industry is growing in large part because of commercial sector gains./li>
- The construction industry added 210,000 jobs in 2017, with 30,000 of those being added in December alone. This number was an increase from the 155,000 new jobs in 2016.<
construction obviously helped build this country and it will be responsible for the growth that will go on in the future. With the right training and preparation, there are many careers that play integral roles in this growth. Contractor licensing preparation is often the first step in being a part of this lucrative field. Whether you are looking at options for Arizona contractor bond classes or a location somewhere else, it is always important to do your research and register with the best training schools.