Which of the following situations can lead to a re-evaluation of a contractor license?

The correct answer is based on the fact that a change in the qualifying party can significantly impact the contractor's license status. The qualifying party is typically an individual who has the necessary experience and knowledge to supervise the work and ensure that it meets the professional and legal standards required for the license. When there is a change in this individual, it necessitates a re-evaluation to ensure that the new qualifying party possesses the appropriate qualifications and expertise to maintain the standards associated with the license.

In contrast, changes such as ownership percentage and business type can affect the overall structure of the business but do not inherently require a re-evaluation of the contractor's qualifications. Changes in ownership may involve different stakeholders in the business, yet the qualifications of the company to perform contracted work depend on the qualifying party's competency rather than merely ownership metrics. Similarly, a change in business type (for instance, from a sole proprietorship to a partnership) may alter the legal structure but does not automatically trigger a required assessment of the contractor's qualifications and abilities. Therefore, focusing on the role of the qualifying party is crucial for maintaining compliance and quality in contracted work.