Illinois Maywood Contractor Bond
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How much does a Maywood Illinois contractor bond cost?
The Maywood Illinois contractor license bond costs $100 annually for all contractor license classifications. You can save money by choosing our multi-year discount to extend your Maywood contractor license bond term during checkout!
How do you get a contractor bond in Maywood Illinois?
You can purchase your Maywood construction bond online 24/7. You'll need to provide your licensed contractor name and license type (such as “general contractor” or “roofing contractor”) for Community Development Department filing approval. Once your payment has been processed, your official contractor license bond will be emailed to you instantly.
How fast can you get a contractor license surety bond?
SuretyBonds.com offers instant emailed Maywood Illinois contractor license bond delivery 24/7. Purchase your construction surety bond online now to receive your official bond delivered in minutes by email.
What is a Maywood Illinois contractor bond?
Maywood Illinois Code of Ordinances 110.13 requires that contractors file a surety bond before being licensed to perform construction work in the city. This ordinance also requires the bond be filed along with the city business license fee, which is collected by the Director of Finance. By filing this bond, contractors agree to comply with city ordinances and regulations.
What does a contractor license bond protect against?
If a licensed contractor fails to comply with Maywood city ordinances or other regulations, the bond protects the city and its citizens from resulting losses, damages, or expenses. The issuing surety company will pay valid claims up to the full surety bond amount, which the licensed contractor must reimburse.
Who regulates contractors in Maywood Illinois?
The Maywood Community Development Department regulates contractor licensing for the city. If you have questions about building codes or license and bond requirements, you can call the Maywood Community Development at 1(708)450-6307.
Maywood requires this bond for city contractor license compliance. If you work as a contractor in other cities, we also offer additional Illinois contractor license bond types across the state.
Who needs a contractor bond in Maywood Illinois?
The following license classifications must be registered and bonded with the village of Maywood Illinois.
- general contractor
- electrical contractor
- excavation contractor
- HVAC installation contractor
- lead based paint removal
- landscaper/tree removal
- masonry
- roofing contractor
- tuck pointing
- wrecking contractor
How do you update or change your contractor bond form?
If the Maywood Community Development Department requires your contractor license bond be updated, contact your surety company. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common change requested is updating your licensed contractor name to match your contractor license.
How do I renew my Maywood Illinois contractor bond?
You'll need to renew your Maywood construction bond before its current term expires. Once you pay your SuretyBonds.com renewal invoice, instructions will be provided to keep your surety bond active for your next Maywood contractor license term.
How do you become a licensed contractor in Maywood Illinois?
Complete the following steps to apply for your Maywood Illinois contractor license.
- Submit your Village of Maywood Business License Application with all required contact information. Your business license must be renewed annually by December 31st.
- Pay the required fees and provide any required proof of insurance for your specific business license application. Maywood Ordinance 110.13 outlines fees and insurance requirements for each construction business type.
- Submit your Business License Registration Application Zoning Review Form with all required contact information.
- Purchase and file a surety bond for the correct bond amount required for your contractor license type.
- Submit the Maywood Contractor License Application with all required contact information and license classification information.
Note that excavation work performed on any street or building considered a public right-of-way also requires a separate $10,000 restoration bond.
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
