What is the bond amount for the City of Chicago Contractor License Bond?
The bond amount varies by trade type and project scope. Roofing contractors need $5,000, general contractors typically need $10,000-$25,000, and specialized work like right-of-way or excavation requires $5,000-$50,000. Demolition projects may require bonds ranging from $5,000-$100,000 depending on building size and location. Chicago publishes specific bond forms by trade through the Department of Buildings.
Who needs a City of Chicago Contractor License Bond?
Licensed contractors performing construction, renovation, repair, or trade work within Chicago city limits. This includes general contractors, electricians, plumbers, HVAC contractors, roofing contractors, drain layers, and other specialized trades. The specific bond requirement depends on your trade license and the type of work you perform. Each trade must use the appropriate Chicago-specific bond form published by the Department of Buildings.
What does the City of Chicago Contractor License Bond protect against?
The bond protects the City of Chicago and the public from financial losses caused by contractor negligence, violations of city building codes, failure to complete work properly, or breach of contract. If a contractor fails to meet their obligations, clients and the city can file a claim against the bond to recover damages. The bond ensures contractors comply with Chicago's building regulations and maintain professional standards.
