General Contracting Contractors in Memphis, Tennessee

Licensed Establishments

819

U.S. Census Bureau

Peak Season

March through October, with highest demand April-June for major renovations

Estimate

Avg. Response Time

2-5 business days for initial quote, 1-2 weeks for detailed estimates

Estimate

Common Job Costs

ServiceCost Range
Kitchen remodel (mid-range)$25,000 – $55,000
Bathroom remodel (full)$15,000 – $35,000
Room addition (200-400 sq ft)$35,000 – $80,000
Basement finishing$20,000 – $45,000
Deck construction (composite)$8,000 – $18,000
Roof replacement (asphalt shingle)$12,000 – $25,000

Licensing Requirements

Licensing Requirements

Tennessee requires Contractor License for projects over $25,000 or structural work. Must pass PSI exam, provide financial statements, carry $300,000 aggregate/$100,000 per occurrence liability insurance. Residential Building Contractor license requires 4 years experience or education equivalent. Renewal every 2 years with continuing education.

Permit Requirements

Memphis requires permits for structural changes, additions, electrical/plumbing work over $100, HVAC installation. Commercial projects require separate trade permits. Permit fees range $50-500+ based on project value. Electronic permitting through Memphis Light, Gas & Water.

Inspection Schedule

Foundation/footings, framing, electrical rough-in, plumbing rough-in, insulation, final inspection. Commercial requires additional fire/life safety inspections. Schedule 48 hours in advance through city inspection department.

Insurance Minimums

General liability minimum $300,000 aggregate/$100,000 per occurrence for licensing. Workers compensation required for employees. Many projects require $1M+ coverage.

How to Get Licensed

  1. 1

    Meet experience requirements

    Document 4 years construction experience or complete approved education program. Compile work history, references, and project documentation.

  2. 2

    Study for PSI exam

    Purchase study materials and prepare for Tennessee contractor examination covering business law, construction law, project management, and trade knowledge.

  3. 3

    Gather financial documentation

    Prepare financial statements, bank references, and proof of $25,000 net worth. May require CPA-prepared statements for larger license classifications.

  4. 4

    Obtain required insurance

    Secure general liability insurance minimum $300,000 aggregate/$100,000 per occurrence. Get workers compensation if hiring employees.

  5. 5

    Submit application and take exam

    Complete Tennessee contractor license application, pay fees, and schedule PSI examination. Pass exam with 70% or higher score.

  6. 6

    Receive license and maintain compliance

    Upon approval, receive license certificate. Renew every 2 years with continuing education requirements and maintain insurance coverage.

About This Market

Memphis general contracting runs steady year-round with 819 licensed establishments statewide competing for work. Market splits between historic home renovations in Midtown, suburban remodels in East Memphis and Germantown, and new construction in outlying areas. Labor costs stay competitive compared to Nashville, but material delivery can add time and expense. Insurance claims from storm damage drive consistent roofing and siding work. The $25,000 licensing threshold keeps smaller handymen out of major jobs, but creates price pressure on mid-size projects.

Get your contractor license early — the PSI exam and financial requirements take 6-8 weeks minimum. Memphis permitting moves faster than Nashville if you know the system, but inspectors are thorough on code compliance, especially electrical and structural work. Build relationships with MLG&W for utility connections on additions. Peak season pricing can add 15-20% to materials, so lock in major jobs by February. Storm season brings opportunity but also insurance headaches — document everything and know your liability limits.

Data Sources:

Licensed establishments in TN: U.S. Census BureauLicensing requirements: Tennessee Department of Commerce & InsurancePermit requirements: Memphis Building Code OfficeCost ranges: Local market estimates based on contractor surveysInsurance minimums: Tennessee contractor licensing regulations

Frequently Asked Questions

Do I need a contractor license for all projects in Memphis?
Tennessee requires a contractor license for projects over $25,000 or any structural work regardless of cost. Projects under $25,000 with no structural changes typically don't require licensing, but check local Memphis requirements.
How long does it take to get a Tennessee contractor license?
Expect 6-8 weeks minimum. You must pass the PSI exam, submit financial statements, and provide proof of insurance. The state licensing board processes applications within 30 days after receiving complete documentation.
What's the typical markup for general contractors in Memphis?
Most established contractors mark up materials 10-20% and charge $45-75/hour for labor depending on trade specialization. Total project markup typically runs 15-25% over direct costs to cover overhead and profit.
Are permits required for kitchen and bathroom remodels in Memphis?
Yes, if work involves electrical, plumbing, or structural changes. Memphis requires permits for any electrical work over $100, plumbing modifications, and wall removal. Permit fees range $75-300 for typical remodel projects.
What insurance coverage do I need as a general contractor in Tennessee?
Minimum $300,000 aggregate/$100,000 per occurrence general liability for licensing. Workers compensation required for employees. Most commercial projects and many residential clients require $1M+ coverage, so budget accordingly.

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