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How much does a Nevada contractor bond cost?
Nevada contractor bond costs start at $75 annually. Exact costs vary depending on your license class and the bond amount required by the State Contractors Board. Your annual premium will be provided after a quick application review.
How do you get a Nevada contractors license bond?
You can apply for your Nevada contractor license bond online 24/7. You'll need to provide your business name as shown on your application or license and the exact bond amount required by the State Contractors Board. Once your purchase has been processed, your official bond will be delivered to your email.
How fast can I get a contractor bond?
Our industry-leading technology and responsive customer service team allow us to offer free quotes and deliver your official Nevada contractors board license bond faster than any other surety provider. SuretyBonds.com offers digital delivery for all Nevada contractor license bond types. Orders placed by 4 PM CST Monday-Friday are typically processed with same-day emailed bond delivery.
If you have questions about Nevada contractors license bonds 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 a Nevada contractor license bond?
Nevada Revised Statutes 624.270 requires individuals file a surety bond with the Nevada State Contractors Board before getting their state contractor license. The bond form is simply titled the “Nevada State Contractors Bond Form,” and it specifically requires licensed contractors to adhere to Chapter 624 of the Nevada Revised Statutes when performing construction work in the state. The bond protects the state and any person who suffers a loss due to contractor noncompliance when performing construction contract work.
The Nevada State Contractors Board requires a separate bond be filed for individuals licensed as residential pool and spa contractors. This form is titled the “Residential Pool and Spa License Bond for the Protection of Consumers.”
Who requires me to have a Nevada contractor license bond?
The Nevada State Contractors Board enforces all licensed contractor laws, including surety bond requirements. If you have any questions about contractor licensing, you can contact the SCB by calling 1(702)486-1100 or emailing [email protected]. The board will determine your surety bond amount, which can range from $1,000 to $500,000, after your license has been approved.
Your Nevada contractors board license bond must remain on file with the SCB as long as your license is active or else the board may revoke, suspend, or refuse to renew your license.
Need a surety bond for a construction project in Nevada?
Nevada 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 Nevada, we also offer contractor license bonds nationwide.
How do I update or change my contractor bond form?
If the Nevada State Contractors Board requires you to make any changes to your license bond documentation, contact your surety provider. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change.
The most common changes requested for these bonds are the contractor or construction company's name or address.
How do I renew my contractor bond?
You must renew your Nevada surety bond before its current 1-year term expires. Once you pay your SuretyBonds.com renewal invoice, you'll receive specific renewal instructions to keep your bond active according to the state's contractor licensing requirements.
What are the different Nevada state contractors board license classifications?
To qualify for a contractors license, Nevada contractors must have at least 4 years of professional experience in their specific license classification. The SCB enforces 3 primary contractor license classifications.
- Class A: General Engineering Contractor
- Class B: General Building Contractor
- Class C: Specialty Contractor, which includes 36 specialized license classifications
How do I get a contractor's license?
You must provide the following licensing requirements before submitting your signed Nevada contractors license application to the Nevada State Contractors Board.
- $300 application fee
- resume and experience documentation
- all reference certificates
- background disclosure statement and fingerprint background waiver
- personal financial statement
- copy of driver's license or other government-issued ID
- if sole proprietor, child support information statement
After your application is approved, the board will notify you of the exact surety bond amount required based on their review. Then you'll need to do the following.
- Purchase and file your contractors board license surety bond in the correct required bond amount.
- Pay the $600 biennial license fee.
- Provide proof of compliance with industrial insurance/workers' compensation insurance.
- Register with the Residential Recovery Fund and pay its required fee, or complete a certificate of exemption.
What happens if I get a Nevada contractor license bond claim?
If a valid claim is filed on your bond, your surety company will pay harmed parties (such as the state or your clients) damages up to the full bond amount. You would then be required to reimburse your surety company in full for all damages paid.
What can contractors do to avoid claims against the Nevada contractor license bond?
Contractors can avoid claims by complying with Chapter 624 of the Nevada Revised Statutes when operating their construction business and completing work. Unlawful acts specifically prohibited include, but are not limited to:
- using customer funds for anything other than an assigned project
- misleading customers to make more money
- failing to keep accurate financial records for projects