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How much does an Alaska contractor license bond cost?
Alaska contractor license bond costs start at $75 annually but vary depending on the type of construction contractor work you perform. Your personal Alaska contractor bond premium will be provided after a quick application review.
- The $5,000 handyman bond costs $75 annually for all applicants.
- The $10,000 mechanical contractors or specialty contractors bond cost starts at $100 annually.
- The $20,000 general residential contractors bond cost starts at $300 annually.
- The $25,000 general contractors bond cost starts at $375 annually.
Apply online now to get your free personal mechanical contractor, specialty contractor, residential contractor, or general contractor bond quote!
How do you get an Alaska contractor license bond?
You can apply for your Alaska contractor license bond online 24/7. You must provide the following information for Construction Contractors Program filing approval.
- contractor name with any applicable DBA
- license number, if available
Once your order has been processed, your official Alaska surety bond will be delivered to your email.
How fast can I get a construction contractor bond?
Our industry-leading technology and responsive customer service team allow us to offer free quotes and deliver your official Alaska construction contractor bond faster than any other surety provider. Orders placed by 4 PM CST Monday-Friday are typically issued with same-day emailed Alaska contractor license bond delivery.
If you have questions about the Alaska contractor bond or your application, call 1(800)308-4358 to speak with a friendly surety expert. We're here to guide you through the contractor bond process so you can get back to running your business.
What is the purpose of the Alaska construction contractor bond?
Alaska Administrative Code Statute 08.18.071 requires individuals file a surety bond when applying for their state contractor license certificate of registration. The state offers the following official surety bond forms depending on your contractor license classification.
- Form 08-4816b: $5,000 Handyman Construction Contractor Surety Bond (Required by Construction Contractor Statute AS 08.17.07)
- Form 08-4817b: $10,000 Mechanical Contractor Surety Bond (Required by Construction Contractor Statute AS 08.17.07)
- Form 08-4818b: $10,000 Specialty Construction Contractor Surety Bond (Required by Construction Contractor Statute AS 08.17.07)
- Form 08-4819b: $20,000 General Contractor - Residential Surety Bond (Required by Construction Contractor Statute AS 08.17.07)
- Form 08-4815b: $25,000 General Contractor - Residential and Commercial Construction Contractor Surety Bond (Required by Construction Contractor Statute AS 08.17.07)
Regardless of the license classification or specific form, this bond requires contractors to work according to laws and fully comply with the provisions of Alaska statutes. If they fail to do so, the bond specifically protects any person who might have a cause of action against the contractor due to their noncompliant conduct.
Why do I need an Alaska construction contractor surety bond?
You need to purchase and file an Alaska construction contractor surety bond to apply for your state contractor license certificate of registration. By filing this bond you agree to comply with Alaska statutes and fulfill the following payment obligations.
- taxes and contributions
- employee labor
- material suppliers
- equipment suppliers/renters
- court judgments made for negligent or improper work
If you fail to work according to Alaska statutes or fulfill your payment obligations as required by your surety bond, your issuing surety company will pay valid claims up to your full bond amount, which you must reimburse.
Who is required to get an Alaska contractor license bond?
Contractors must file a contractor license bond with the Construction Contractors Program in the correct required amount before getting their state license.
- General Contractor: $25,000
- General Contractor with Residential Contractor Endorsement: $20,000
- Mechanical Contractor: $10,000
- Specialty Contractor: $10,000
The state requires you file your bond and insurance documents within 30 days of issuance.
Who regulates licensing for construction contractors?
The Alaska Department of Commerce, Community, and Economic Development approves valid applicants for contractor licensing. If you have questions about your new Alaska contractor license application or existing construction contractor license, contact the division for your license classification.
Need a surety bond for a construction project in Alaska?
Alaska contractor bonds are required for licensing compliance. If you need a surety bond before you can begin work on an individual contracted project, you might need a bid bond, payment bond, performance bond, or other type of contract bond. If you work in states other than Alaska, we also offer contractor license bonds nationwide.
How do I update or change my contractor license bond form?
If the DCCED requires you to make any changes to your bond documentation, contact your surety company. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common change for this bond is the contractor or construction company's name.
How do I renew my contractor license bond?
You must renew your Alaska construction contractor bond before its current term expires. Once you pay your SuretyBonds.com renewal invoice, instructions will be provided to keep your bond active for your next license term.
How do I get a contractor license in Alaska?
Learn How To Get An Alaska Construction Contractor License by reviewing our comprehensive guide.
The following must be received by the DCCED for Alaska contractor license consideration.
- completed application
- proof of general liability insurance
- proof of worker’s compensation insurance
- nonrefundable $100 application fee
- $250 license registration fee
- Alaska surety bond in the correct bond amount for your license type
Submit your application packet and all supporting documentation to the DCCED for approval.
Construction Contractors Program
PO Box 110806
Juneau, AK 99811
When does my Alaska construction contractor license expire?
Effective October 1, 2023, the expiration date for Alaska construction contractor licenses will be set as 9/30 of even-numbered years. Note that this change applies to all general, residential, specialty, mechanical, and handyman construction contractors who have an active license filed with the state.
The official notice released by the Department of Commerce, Community, and Economic Development clarifies license expiration dates for electrical administrators, mechanical administrators, home inspectors, and underground storage tank worker licenses remain the same.
How can Alaska contractors avoid bond claims?
To avoid claims against contractor license bonds, contractors should work and complete all contracted projects according to Alaska statutes, especially as it pertains to fulfilling their professional payment obligations. Contractors must reimburse their issuing surety company for any claims paid out.