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Oregon Contractor License Bond

How much will my Oregon contractor license bond cost?

Oregon contractor bonds are required by the Oregon Construction Contractors Board. Depending on the specific classification of the contractor’s work and license type, different bond amounts are required. These bonds ensure that contractors stay true to their contractual agreements and lawfully abide by all laws stated in the Oregon Revised Statutes.

To ensure that you can legally work upon obtaining your bond, it is crucial that the correct bond be posted. Check out the list of contractor bond amounts located in the Important Links section of this page.

These bonds are subject to underwriting, which means the amount an applicant will pay is directly related to his or her credit report. Clients with excellent credit could pay as low as 1% of their total bond amount!

Our team of surety experts’ unsurpassed knowledge of the bonding process ensures that you will be bonded quickly, easily and accurately. Apply for a free bond quote today!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Commercial General Contractor Bond Level 1 $75,000 Starts at $750 $3,750-7,500 $7,500+ Apply Now
Commercial General Contractor Bond Level 2 $20,000 Starts at $200 $1,000-2,000 $2,000+ Apply Now
Commercial Specialty Contractor Bond Level 1 $50,000 Starts at $500 $2,500-4,000 $5,000+ Apply Now
Commercial Specialty Contractor Bond Level 2 $20,000 Starts at $200 $1,000-2,000 $2,000+ Apply Now
Commercial Developer Bond $20,000 Starts at $200 $1,000-2,000 $2,000+ Apply Now
Residential General Contractor Bond $20,000 Starts at $200 $1,000-2,000 $2,000+ Apply Now
Residential Specialty Contractor Bond $15,000 Starts at $150 $750-1,500 $1,500+ Apply Now
Residential Limited Contractor Bond $10,000 Starts at $100 $500-1,000 $1,000+ Apply Now
Residential Developer Bond $20,000 Starts at $200 $1,000-2,000 $2,000+ Apply Now
Residential Restoration Contractor Bond $10,000 Starts at $100 $500-1,000 $1,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Fill out our online bond request form or give us a call today at 1 (800) 308-4358 to receive a free, personalized bond quote within one business day of submitting an application.

Commercial Contractor Information

Oregon commercial general contractor bonds are split into 2 categories, Level 1 and Level 2. Level 1 contractors must have 8 years of construction experience and post a $75,000 bond, while Level 2 contractors must have 4 years of experience and post a $20,000 bond. General contractors can supervise or perform any number of commercial construction projects.

Commercial specialty contractor bonds in Oregon are also split up into Level 1 and Level 2 categories. 8 years of experience and a $50,000 bond is required for Level 1 contractors, and 4 years of experience and a $20,000 bond is required for Level 2 contractors. Specialty contractors can only work on 1 or 2 commercial projects at any given time.

Oregon commercial contractors must meet the following criteria:

  • own all properties they plan to work on
  • work on or improve properties they plan to sell
  • work side-by-side with another licensed contractor to oversee all levels of the construction activity

If you’re ready to get bonded, submit a bond request form or give our team a call at 1 (800) 308-4358!

Residential Contractor Information

Residential general contractor bonds in Oregon allow contractors to supervise and perform residential construction work. General residential contractors must post a $20,000 bond.

Oregon residential specialty contractors must post a $15,000 bond. Specialty contractors in a residential setting can only work on 1 or 2 unrelated projects. However, if they work on a single property, they may work on 3 or more buildings as long as labor and material costs amount to less than $2,500.

Residential limited contractors in Oregon can supervise an unlimited number of building projects only if the following criteria is met:

  • applicant expects gross sales to be less than $40,000
  • no contract is written for more than $5,000
  • the value of any work doesn’t exceed $5,000 for a job site in one year
  • the Construction Contractors Board can access tax records to verify compliance to all applicable laws

If all of these requirements are met, the necessary bond amount is $10,000. This classification is also necessary for part-time contractors.

Oregon residential developer bonds must be posted in the amount of $20,000. In order to obtain this bond and license classification, the following criteria must be met:

  • applicant owns properties
  • applicant intends to sell properties
  • applicant works with 1 or more general contractors who oversee job site building
  • applicant performs no work on the site

Residential restoration contractors must file a $10,000 bond by January 1, 2016. Section 2, Chapter 701 of the Oregon Revised Statutes defines the following services for residential restoration contractors:

  • non-routine cleaning, water removal or personal property inventory
  • board-up services (covering up openings of a damaged structure to prevent unauthorized entry and to secure against weather)
  • debris removal (excluding removal involving demolition work)

Our team of surety specialists is dedicated to getting you the bond you need fast. Apply for a free bond quote today!

What’s the fine print?

Oregon contractor bonds are continuous until canceled. If the surety decides to cancel this bond, the surety must provide the Oregon Construction Contractors Board with written notice 30 days prior to termination.

Once the bond form is filled out, the bond must be sent to the contractor, not the Oregon Construction Contractors Board. The bond must be submitted with the license application. If the bond is not filed with the application to the Board within 60 days of the sign and seal date, the bond will no longer be considered valid.

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Contractor Bond Amounts

Oregon Chapter 701 Construction Contractors and Contracts

Oregon Amends Existing Law for Contractor’s License Surety Bonds

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