Platinum Bonds Insurance Agency
Research before you apply.This bond is required for contractors working on public construction projects in Oregon. If you're a contractor bidding on or performing work for government buildings, schools, or other publicly funded projects, you need this $30,000 bond. It protects workers and suppliers by guaranteeing you'll follow Oregon's labor …
This bond is required for contractors working on public construction projects in Oregon. If you're a contractor bidding on or performing work for government buildings, schools, or other publicly funded projects, you need this $30,000 bond. It protects workers and suppliers by guaranteeing you'll follow Oregon's labor …
Prime contractors and all subcontractors working on Oregon public works projects with a total cost exceeding $100,000 must obtain this bond before starting work. This includes any employer paying prevailing wages on such projects, even without a CCB license (such as flagging businesses or temp agencies employing public works laborers).
Payment bonds guarantee that a contractor will pay subcontractors, laborers, and material suppliers. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value. • Larger contracts: Rates generally scale lower as contract size increases. • Payment bonds: Often paired with performance bonds at a combined rate. • Full underwriting required: Credit, financials, experience, and bonding history reviewed. Payment bonds are required on most public proje…
Full underwriting required — typically 3–5 business days
Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.