Oregon Contractor License Bond
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How much does an Oregon contractor license surety bond cost?
Oregon contractor bond costs start at $100 for the state-required 1-year term. Your exact cost will vary depending on the license type you need and its required bond amount. Some Oregon contractor license bonds require a quick application review to determine pricing.
How do you get an Oregon contractor license bond?
You can purchase or apply for your Oregon contractor bond online 24/7. Simply select which bond you need from the dropdown above or the table below. The information required for your bond form varies depending on your license type, but you'll typically need to provide the following information for Oregon Construction Contractors Board filing approval.
- contractor or construction company name
- physical business address
- license number, if available
Once your order has been processed, we'll email your official contractors license bond to you.
How fast can I get a contractors surety bond?
Our industry-leading technology and expert customer service team allow us to deliver your official Oregon contractors bond faster than any other surety provider. SuretyBonds.com offers digital delivery for Oregon licensed contractor bonds. Orders placed by 4 PM CST Monday-Friday are typically processed with same-day emailed bond delivery.
If you have questions about Oregon contractor license 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 Oregon contractor license bond?
“Oregon contractor license bond” is a general term used to describe the different surety bond requirements enforced by the state for contractor licensing. Oregon Revised Statutes Section 701.068 outlines the contractor license bond requirement for each different contractor license type available by the state. The terms of each bond form vary, but generally these bonds ensure contractors provide construction services and complete work according to state laws. These bonds must be filed with the Board within 60 days of surety bond issuance.
Who regulates licensing for contractors?
The Oregon Construction Contractors Board enforces most contractor license and surety bond requirements in the state. You can contact CCB staff by calling 1(503)378-4621 or emailing [email protected]. The Oregon Landscape Contractors Board regulates the state's landscaping contractors and can be reached by phone at 1(503)967-6291 or email at [email protected]. The Oregon Bureau of Labor and Industries regulates labor contractor and farm labor contractor surety bond requirements and can be reached by phone at 1(971)245-3844 or email at [email protected].
Who needs an Oregon contractor license surety bond?
Oregon law requires individuals paid to perform construction work that improves any real property be licensed and bonded. You must adhere to Oregon surety bond requirements if you're a residential contractor, commercial contractor, or specialty contractor, among other license types.
Commercial General Contractor (CGC)
Supervise, coordinate, or perform an unlimited number of trades when working on commercial construction projects only. Level 1 commercial general contractors file a $75,000 bond. Level 2 commercial general contractors file a $20,000 bond.
Commercial Specialty Contractor (CSC)
Perform services for 1-2 specific trades when working on commercial construction projects only. Level 1 commercial specialty contractors file a $50,000 bond. Level 2 commercial specialty contractors file a $20,000 bond.
Residential General Contractor (RGC)
Supervise, coordinate, or perform an unlimited number of trades when working on commercial or residential construction projects. Residential general contractors file a $20,000 bond unless the CCB requires a $100,000 bond.
Residential Specialty Contractor (RSC)
Perform services for 1-2 specific trades when working on commercial or residential construction projects. They can also perform work involving 3 or more unrelated trades if their contract for labor and materials is $2,500 or less. Residential specialty contractors file a $15,000 bond.
Residential Limited Contractor (RLC)
Supervise, coordinate, or perform an unlimited number of building trades for commercial or residential construction projects as long as the following are met:
- work performed does not exceed $40,000 in gross annual volume
- contracts entered into do not exceed $5,000
- work per job site per year does not exceed $5,000
Residential specialty contractors file a $10,000 bond.
Note: Endorsement, bond, and insurance requirements change if the gross construction business volume exceeds $40,000 during the year.
Residential Developer or Commercial Developer
Hire contractors to make improvements on property they own. Both residential and commercial developers file a $20,000 bond.
Construction Flagging Contractor
Direct traffic on public roadways near construction sites to prevent traffic conflicts. Construction flagging contractors file a $20,000 bond.
The following contractor license types also require individuals to file a surety bond in the following amounts before they can work in the state.
- landscaping: bond amounts vary by project amounts
- residential home performance score: $10,000
- residential inspector services: $10,000
- residential home services: $10,000
- residential locksmith services: $10,000
- residential restoration: $10,000
- statutory public works: $30,000
Need a surety bond for a construction project in Oregon?
Oregon 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 Oregon, we also offer contractor license bonds nationwide.
How do I update or change my bond form?
If the Oregon Construction Contractors Board requires you to update information on your bond form, contact your surety provider. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change.
The most common changes for these bonds include updating the following.
- contractor or construction company name
- physical business address
- Construction Contractors Board license number
How do you renew your Oregon contractor license bond?
You must renew your Oregon contractor license bonds before their current term expires. If your original bond was issued by SuretyBonds.com, we'll email you renewal instructions after you pay your renewal invoice.
How do I get a contractors license?
Follow these steps to apply for your Oregon contractor license.
- Complete the 16-hour training, and pass the exam.
- Determine your endorsement type.
- File your corporation, LLC, and/or assumed business name.
- Purchase your Oregon contractors license bond in the correct required amount.
- Purchase general liability insurance.
- Purchase worker's compensation insurance if you have employees.
- Submit an application along with your surety bond, insurance certificate, and license fee.
What can contractors do to avoid claims against the Oregon contractor license bond?
To avoid claims filed against your Oregon surety bond, operate your business and complete your construction work according to all applicable state laws. If a valid claim is filed against your bond, you'll be required to reimburse your issuing surety company for any damages they pay to harmed parties.
Call 1 (800) 308-4358 to talk with a Surety Expert today.