A residential contractor with an unlimited monetary bid limit shall pay a biennial assessment of what amount to the Residential Recovery Fund?

The correct amount that a residential contractor with an unlimited monetary bid limit must pay for the biennial assessment to the Residential Recovery Fund is indeed $1,000. This fee is established to ensure that contractors contribute adequately to the fund, which serves as a safety net for homeowners who suffer financial losses due to the actions of contractors, such as failure to complete a project or improper work that results in damage. The size of the assessment is reflective of the potential risks associated with contractors operating with unlimited bid limits, as they have a greater capacity to undertake larger, more financially complex projects. Thus, the higher biennial assessment is justified in maintaining the integrity and availability of the fund for consumer protection purposes.