General contractors, subcontractors, and professionals involved in construction or renovation projects seeking a license to operate within the City of Grand Forks, North Dakota must obtain this $5,000 contractor license bond as a prerequisite for obtaining or renewing a contractor's license. The bond provides third-party liability protection and ensures com…
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.
StateNDBond amountVaries by license type or projectObligeeCity of Grand Forks, NDBond classLicense BondCategoryOtherBondGrand Forks Contractor Bonds - 3d Party LiabilityPlain descriptionSteel Erector - Compliance OnlyWho needs this bondGeneral contractors, subcontractors, and professionals involved in construction or renovation projects seeking a license to operate within the City of Grand Forks, North Dakota must obtain this $5,000 contractor license…
