Oregon Contractor Bond
The Oregon Construction Contractors Board requires all contractors to be bonded to get an Oregon contractors license. This means you must purchase a surety bonds called a contractor license bond. This short video will explain what a license bond is and how it's priced. Plus I'll share actual Oregon contractor license bond pricing to you can get an exact idea of what you will pay.
Video Timestamps:
- 00:16 - Video agenda
- 00:33 - Oregon contractor endorsements or classifications
- 01:03 - What is a contractor license bond?
- 01:06 - High level definition of a surety bond
- 01:40 - Acts of fraud a contractor can commit
- 02:06 - How a contractor license bond price is determined
- 02:15 - Factors that determine a surety bond price
- 03:28 - Commercial Endorsement Bonds
- 03:34 - Commercial General Level 1 and Commercial Specialty Level 1 Pricing
- 04:05 - Commercial General Level 2 and General Specialty Level 2 Pricing
- 04:17 - Commercial Developer Bond Pricing
- 04:24 - Residential Endorsement Bonds
- 04:26 - Residential General Contractor Bond Pricing
- 04:37 - Residential Specialty Contractor Bond Pricing
- 04:47 - Residential Limited Contractor Bond Pricing
- 04:58 - Residential Developer Bond Pricing
- 05:09 - Restricted Residential Endorsement Bonds
- 05:23 - Restricted Residential Bond Pricing
- 06:04 - Renewing your contractor license bond
- 06:14 - What is a continuous bond?
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