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Performance Bond

Contractor Performance Bond

Electrical Contractor - Bond Runs to Municipality

Overview

What it is.

Electrical Contractor - Bond Runs to Municipality

Who usually needs it

General contractors and specialty contractors registered in Washington State must obtain this bond for contractor license registration. General contractors (who can hire subcontractors for demolition, building, repair, or remodeling) need a $30,000 bond, while specialty contractors (working in designated fields like roofing or painting) need a $15,000 bond …

Pricing & timing

What to expect.

Generic pricing

Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bon…

Typical timeframe

Full underwriting required — typically 3–5 business days

Application

What to do next.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. 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.

Details

Bond details.

StateWA
Bond amount$10,000
ObligeePublic Utility District #1 of Clark County
Bond classPerformance Bond
CategoryOther
BondContractor Performance Bond
Plain descriptionElectrical Contractor - Bond Runs to Municipality
Who needs this bondGeneral contractors and specialty contractors registered in Washington State must obtain this bond for contractor license registration. General contractors (who can hire subcontractors for demolition, building, repair, …
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Next step

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