Oklahoma Contractor License Bond
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How much does an Oklahoma contractor license bond cost?
Oklahoma contractor license bond costs start at $50 annually. Your exact cost will vary depending on the license type you need and its required bond amount. Most contractor bonds required for city licensing in Oklahoma cost $50 annually. A few contractor license bonds require a quick application review to determine pricing.
How do you get an Oklahoma contractor license bond?
You can purchase most Oklahoma contractor license bonds online 24/7. Simply select which bond you need from the dropdown above or the table below. The information required on your bond form varies based on your licensing authority, but you typically need to provide your contractor or construction company name, physical business address, and license type for filing approval. Once your order is processed, your bonding confirmation will be sent to your email.
How fast can I get a construction contractor bond?
Our industry-leading technology and expert customer service team allow us to offer free quotes and deliver your official Oklahoma contractor bond faster than any other surety provider. SuretyBonds.com offers digital document delivery by email for most Oklahoma construction contractor bonds. If your licensing authority requires your official bond be physically issued and delivered to you, we'll ship it to your preferred mailing address. Orders placed by 4 PM CST Monday-Friday are typically processed with same-day emailed bond delivery or physical bond shipment.
If you have questions about Oklahoma contractor bond requirements, 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 an Oklahoma contractor license bond?
Oklahoma Statutes Section 158:50-5-3 requires individuals to file a surety bond before being licensed to work as a contractor. The term “Oklahoma contractor license bond” generally refers to various individual contractor bonds required for state or city licensing compliance. Depending on where you work and the type of construction work you do, you might need an electrical, mechanical, or plumbing contractor bond in addition to a general contractor license bond.
How does an Oklahoma contractor license bond work?
Each Oklahoma surety bond form has its own terms for the protection offered. Contractor bonds are generally used to protect consumers and the state from contractors and construction companies that fail to work as required for licensing compliance. They typically prohibit fraud and require contractors to complete projects as agreed upon by all parties.
Why is it important for a contractor to be bonded?
By filing a surety bond, contractors agree to fulfill professional obligations outlined in the state or local laws when operating their construction business. If they fail to do so, the issuing surety company will pay valid claims filed by harmed individuals up to the full bond amount. The licensed and bonded contractor must then reimburse the surety company for any claims paid.
Who regulates licensing for contractors?
The Oklahoma Construction Industries Board enforces licensing requirements for resident contractors at the state level. If you have questions about state licensing or bonding requirements or the status of your license, you can call the CIB at 1 (405) 521-6550 or submit an online form. If you're not an Oklahoma resident, the Oklahoma Tax Commission requires a separate nonresident contractor bond for projects more than $100,000.
Some cities in the state also enforce their own additional contractor bond requirements. If you work in one these cities, you must file an additional bond with the city to fulfill local licensing compliance. If you need a surety bond for a city not listed below, call 1 (800) 308-4358.
- Del City
- Midwest City
- Oklahoma City
- City of the Village
Need a surety bond for a construction project in Oklahoma?
Oklahoma 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 Oklahoma, we also offer contractor license bonds nationwide.
How do I update or change my contractor surety bond form?
If you need to update your Oklahoma contractor bond form for any reason, 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 are for the contractor/construction company's name, address, or license type.
How do I renew my Oklahoma contractor bond?
You must renew your Oklahoma surety bond before its current term expires to maintain your active contractor license. Once you pay your SuretyBonds.com renewal invoice, renewal instructions will be emailed to you. You must maintain an active bond on file with your licensing authority as long as you're actively licensed to work.
How do you get your Oklahoma contractor’s license?
You can apply for your resident Oklahoma contractor license by completing the steps below.
- Determine your license type, and fill out the correlating application.
- Pay the required fees.
- Take the required exam.
Once completed, mail your application, fees, and additional documents to:
Oklahoma Construction Industries Board
2401 N.W. 23rd St.
Oklahoma City, OK 73107
You'll also need to fulfill any separate, additional license and surety bond requirements enforced by individual cities at the municipal level.
To apply as a nonresident contractor in Oklahoma, you must be certified with the Oklahoma Tax Commission Website.
- Fill out the Oklahoma Business Registration Packet for Nonresident Contractors.
- Purchase and file a surety bond in the correct required amount (if applicable).
- Pay all required fees.
Call 1 (800) 308-4358 to talk with a Surety Expert today.