How to Get Bonded as a Contractor?


How to Get Bonded as a Contractor?

Getting bonded as a contractor is easy.

At a high level it only requires purchasing the correct surety bond for your needs and only takes 1 to 2 days to get the process done.

Step 1 - Get pricing Step 2 - Purchase the bond Step 3 - Have your bond issued

You likely need one of these types of bonds:

  • License bond
  • Permit bond
  • Performance bond

Contractor License Bond

A contractor license bond is required to get a contractor license issued.

Every state and situation is different. You might need a state contractor license or a city level contractor license bond.

Click here and fill out this quote form. Make sure you share:

  • What state and/or city you're getting licensed in
  • What type of contracting your doing (general, plumbing, electrical, etc...)
  • The exact bond amount if you know it (typically you're told this by the licensing agency)

A bond specialist will reach out to you and help you get pricing for the bond you need within one business day.

Plus they'll answer any specific questions you have.

 

Permit or Right of Way Bond

A permit bond is a contractor surety bond you need for a specific job. The project owner may be:

  • A private owner
  • A city municipality

A right of way bond is a type of permit bond.

Getting a permit bond is exactly the same as a contractor license bond.

Click here and fill out the online quote form.

A bond specialist will help get you pricing so you know exactly what the cost will be.

You're under no obligation to purchase when you get pricing.

Performance Bonds

A performance bond is a little more complicated.

This type of bond is a guarantee that you will complete a project according to the outlined contract.

The process involves:

  • Having the project details available
  • Outlining a history of bonded projects
  • Listing the current active projects if any
  • Potentially submitting company and owner financial statements

These requirements depend on the project size.

In most cases, this process starts with a bid bond if you have not secured the winning bid.

Fill out our quote form and share as much as you can about your business and the project.

An experienced performance bond specialist will contact you and help you get through the process.

See More Surety Bond FAQ


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Oregon Contractor Bond

Watch this short video explaining the Oregon contractor license bonds. Each classification requires one so it's good to understand what you're buying.

California Contractor License Bond

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What Is a Bonded Contractor?

Learn what it means to be a bonded contractor along with the different types of contractor bonds. There are a lot to you'll have through your career.

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