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How much does an Oregon commercial contractor license bond cost?
Oregon commercial contractor bond costs start at $200 annually. Your personal surety bond premium depends on your license type and its required bond amount.
- $20,000 commercial level 2 general contractor bonds cost $300 annually.
- $20,000 commercial level 2 specialty contractor bonds cost $300 annually.
- $75,000 commercial level 1 general contractor bond costs start at $750 annually.
- $50,000 commercial level 1 specialty contractor bond costs start at $500 annually.
- $20,000 commercial developer bond costs start at $240 annually.
- Commercial contractor disciplinary bond costs start at $200 annually.
How do you get an Oregon commercial contractor license bond?
You can purchase or apply for your Oregon commercial contractor bond online 24/7. You'll need to provide your commercial contractor name and your CCB license number (if available) for Oregon Construction Contractors Board filing approval. Once your order has been processed, we'll email your official contractors license bond to you.
How fast can I get a commercial contractor surety bond?
SuretyBonds.com offers 24/7 instant email delivery for the commercial level 2 general contractor bond and the commercial level 2 specialty contractor bond. Purchase now to receive these bonds delivered in minutes by email.
Our industry-leading technology and responsive customer service team allow us to deliver all Oregon commercial contractor bonds faster than any other surety provider. Orders placed by 4 PM CST Monday-Friday for other commercial contractor bond types are typically processed with same-day emailed bond delivery.
If you have questions about your Oregon commercial contractor bond, call 1(800)308-4358 to speak with a friendly surety expert. We're here to guide you through the commercial contractor bond process so you can get back to running your business.
What is an Oregon commercial contractor license bond?
“Oregon commercial contractor license bond” is a general term used to describe the different surety bond requirements enforced by the state for commercial contractor licensing. Oregon Revised Statutes Section 701.084 requires individuals file a surety bond before performing commercial contractor work in the state. The terms of each bond form vary, but generally these bonds ensure commercial contractors provide construction services according to state laws. If they fail to do so, their issuing surety company will pay valid claims up to the full bond amount, which the noncompliant contractor must reimburse.
Who regulates commercial contractor licensing?
The Oregon Construction Contractors Board enforces licensing for commercial contractors in Oregon, including the surety bond amount requirements. If you have questions about your existing contractors license or new construction contractor application, you can contact the Board by calling 1(503)378-4621 or emailing [email protected].
The Oregon Construction Contractors Board requires this bond for commercial contractor licensing. The CCB enforces a separate Oregon residential contractor bond for residential contractor licensing. We also offer other Oregon contractor license bond types in the state.
What types of commercial contractor license endorsements are there in Oregon?
The Oregon Construction Contractors Board enforces the following commercial contractor license endorsements.
Commercial General Contractor Level 1 (CGC1) & Commercial General Contractor Level 2 (CGC2)
These contractor license endorsements allow a licensed contractor to supervise, arrange for, or perform an unlimited number of building trades with small or large commercial projects. The only difference between the two is that a level 1 contractor must have 8 years of experience while a level 2 only needs 4 years of experience.
Commercial Specialty Contractor Level 1 (CSC1) & Commercial Specialty Contractor Level 2 (CSC2)
These license endorsements allow contractors to perform work that includes one or two building trades for small or large projects. Again, the only difference between the two is that a level 1 contractor must have 8 years of experience while a level 2 only needs 4 years of experience.
Commercial Developer (CD)
This endorsement allows a licensed contractor to arrange for the construction or development of property that they intend to sell. In order to do so, the contractor must meet the following requirements: owns the properties or interest on the properties that they are doing construction work on, arranges construction work on properties they intend to sell, acts in association with one or more licensed general contractors who have the responsibility of overseeing construction phases, and performs no construction work on the property.
What's the difference between a level 1 contractor and a level 2 contractor?
The Oregon CCB states that the difference between a level 1 contractor and a level 2 contractor is the years of construction experience they have. Level 1 commercial contractors must have 8 years of experience while level 2 commercial contractors are only required to have 4 years of experience. They can still complete the same work as one another.
The other main difference is the education training requirements for when contractors have to renew their commercial license every 2 years. The Oregon CCB will audit the company to make sure employees have met their education requirements. For level 2 licensed companies, key employees need to complete 32 hours of education training. For level 1 companies, hours depend on the number of key employees working.
- 1 key employee = 16 hours of education
- 2 key employees = 32 hours of education
- 3 key employees = 48 hours of education
- 4 key employees = 64 hours of education
- 5+ key employees = 80 hours of education
How do I update or change my commercial contractor bond form?
If the Oregon CCB requires your commercial contractor licensing bond form be updated for any reason, contact your surety provider. If you purchased your commercial contractor bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common changes requested are updating your name or license number to match your Oregon commercial contractor license.
How do I renew my commercial contractor bond in Oregon?
You'll need to renew your contractor commercial bond before its current term expires as required by state law. Once you pay your SuretyBonds.com renewal invoice, instructions will be provided to keep your Oregon surety bond active for your next commercial contractor license term.
How do I get an Oregon commercial contractor license?
Learn How to get an Oregon Commercial Contractor License by reviewing our comprehensive guide.
You can apply for your Oregon commercial contractor license by completing the following steps.
- Complete the 16-hour pre-license training and then take the exam following the course.
- Determine your specific endorsement type.
- File your corporation, LLC, or business name with the Oregon Secretary of State.
- Purchase and submit a surety bond for the correct amount.
- Purchase general liability insurance for the required amount.
- Buy worker's compensation insurance if you'll hire individuals to work for you.
- Get your other employee account numbers for federal and state taxes.
- Submit your application with all required materials and fees.