This bond is required for anyone who wants to work as a residential contractor in Oregon. It protects homeowners and the state if a contractor doesn't follow Oregon's construction laws, fails to complete work as promised, or doesn't pay suppliers or subcontractors. If the contractor causes financial harm through these…
Overview
What it is.
This bond is required for anyone who wants to work as a residential contractor in Oregon. It protects homeowners and the state if a contractor doesn't follow Oregon's construction laws, fails to complete work as promised, or doesn't pay suppliers or subcontractors. If the contractor causes financial harm through these…
Who usually needs it
Residential contractors licensed by the Oregon Construction Contractors Board must obtain this bond, including Residential General Contractors ($25,000), Residential Specialty Contractors ($20,000), Residential Limited Contractors ($15,000), and holders of restricted residential endorsements such as home services, home energy performance score, residential …
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.
StateORBond amountVaries by license type or projectObligeeState of OregonBond classLicense BondCategoryConstructionBondOregon Residential Contractor License BondJurisdictionStatePlain descriptionThis bond is required for anyone who wants to work as a residential contractor in Oregon. It protects homeowners and the state if a contractor doesn't follow Oregon's construction laws, fails to complete work as promise…Who needs this bondResidential contractors licensed by the Oregon Construction Contractors Board must obtain this bond, including Residential General Contractors ($25,000), Residential Specialty Contractors ($20,000), Residential Limited …
