Bond for Well Construction Contractor and/or Pump Installation Contractor and Special Licenses
Well Contractor - Compliance Only
Overview
What it is.
Well Contractor - Compliance Only
Who usually needs it
Water well drillers and pump installation contractors in Colorado must obtain this $20,000 surety bond to become licensed and maintain their contractor license. This includes well construction contractors who drill new water wells and renovate existing wells, and pump installation contractors who install and repair water well pumping systems and water distr…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateCOBond amountVaries by license type or projectObligeeState of ColoradoBond classLicense BondCategoryOtherBondBond for Well Construction Contractor and/or Pump Installation Contractor and Special LicensesPlain descriptionWell Contractor - Compliance OnlyWho needs this bondWater well drillers and pump installation contractors in Colorado must obtain this $20,000 surety bond to become licensed and maintain their contractor license. This includes well construction contractors who drill new …
