“Was able to pass my Business and Finance exam within a few months after signing up for the class with Fay Bamond. Her guidance was awesome. Thank you.”
Mahmoud Eldick
Florida Contractor Business and Finance Exam
About the Mandatory Florida Business and Finance Exam
The Florida Business and Finance Exam is one of the core licensing exams required for ALL contractor applicants in the state of Florida. It’s designed to test your knowledge of business practices, financial management, and regulatory compliance—essentially, everything you need to responsibly run a construction business in Florida. There are several varying formats dependent on whether you are applying as an Electrical Contractors, Pool Servicing Contractor or any other Division I or Division II trade. In addition to the Business & Finance exam, a passing score is required on a specific trade related test(s) to qualifying for licensing. There is no circumstance under which an applicant can exempt from taking and passing the Business and Finance Exam, although exemptions to subsequent trade exams can apply based on specific college degrees earned or NASCLA certification.
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“Fay is AMAZING!!!! She explains every detail you need to know to pass the test. I could not have done it without her.”
Havana Painting and Cleaning Corp
“I am extremely grateful for enrolling in this course and participating in the Business and ‘Finance online class. The course instructor, Fay Bamond was very qualified, personable and direct in her strategy to pass the Business and Finance exam. I truly believe her test taking strategy/study tactics made this exam manageable in terms of preparation and execution. I highly recommend this course.”
David Rubio
Here’s a quick breakdown of the Business & Finance Exam by License Type:
All Contractors Other than Electricians and Pool Service Contractors
All Contractors Other than Electricians and Pool Service Contractors
Format: Computer-based exam
Required passing score: 70%
Length: 120 questions (Exam will have 5 pilot questions that will not be graded for score. These questions will not count towards or against your score.)
Time: 6 hours and 30 minutes
Topics Covered: Includes Accounting, Payroll, Licensing rules, Lien law, Worker’s Compensation, Bonds & Insurance, OSHA Safety rules, Project Management, and more
Required textbooks: Florida Contractor’s Manual, Builders Guide to Accounting, AIA 201, AIA 401, AIA 701, Florida Statue 455
Type: Open book, multiple choice
Scheduling: With Pearson VUE once registration is approved by Professional Testing, Inc.
Fee: $80 (paid to Pearson VUE) + $135 registration fee (paid to Professional Testing)
Electrical Contractor Applicant
Format: Computer-based exam
Required passing score: 75%
Length: 55 (Exam will have 5 pilot questions that will not be graded for score. These questions will not count towards or against your score.)
Time: 2 Hours and 30 minutes
Topics Covered: Includes Accounting, Payroll, Licensing rules, Lien law, Worker’s Compensation, Bonds & Insurance, OSHA Safety rules, Project Management, and more
Required textbooks: Florida Contractor’s Manual
Type: Open book, multiple choice
Scheduling: With Pearson VUE once registration is approved by Professional Testing, Inc.
Fee: $80 (paid to Pearson VUE) + $135 fee (paid to Professional Testing)
Pool Service Contractors
Format: Computer-based exam
Required passing score: 70%
Length: 60 questions (Exam will have 5 pilot questions that will not be graded for score. These questions will not count towards or against your score.)
Time: 3.5 Hours
Topics Covered: Includes Accounting, Payroll, Licensing rules, Lien law, Worker’s Compensation, Bonds & Insurance, OSHA Safety rules, Project Management, and more
Required textbooks: Florida Contractor’s Manual, Builders Guide to Accounting, AIA 201, AIA 401, AIA 701
Type: Open book, multiple choice
Scheduling: With Pearson VUE once registration is approved by Professional Testing, Inc.
Fee: $80 (paid to Pearson VUE) + $135 fee (paid to Professional Testing)
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Sign Up Today – Unlock Personalized Classes, Tutoring & Exclusive Exam Prep Tools!
When you sign up, you may choose a spot in a small class with a limited number of students or a private one-on-one tutoring session with a licensed instructor, each giving you the chance to focus on your weak areas, ask questions freely, and build confidence without the distractions of an oversized classroom.
But that’s not all—you may also gain exclusive access to our online learning portal, where you can access unique proprietary study tools, hundreds of practice exam questions, sharpen your study habits, and track your progress.
With the combination of live expert guidance and self-paced practice tools, you’ll walk away more focused, more confident, and fully prepared to pass your required exams.
When signing up for Business & Finance classes, select Business & Finance Small Group Classes for All Trades, unless you are an Electrical Contractor, in which case select Business & Finance Small Group Classes for Electricians
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