A South Carolina Residential Builder Bond is a $15,000 guarantee required for anyone who builds, renovates, or contracts residential construction projects in South Carolina. This bond protects homeowners and the state if a builder fails to follow state building laws, doesn't complete work properly, or doesn't pay subc…
Overview
What it is.
A South Carolina Residential Builder Bond is a $15,000 guarantee required for anyone who builds, renovates, or contracts residential construction projects in South Carolina. This bond protects homeowners and the state if a builder fails to follow state building laws, doesn't complete work properly, or doesn't pay subc…
Who usually needs it
Licensed residential builders and holders of a Certificate of Authorization in South Carolina need this $15,000 bond. This includes individuals or entities holding a residential builder's license for residential building work, and companies operating subsidiaries or under fictitious names for residential construction without a residential license but overse…
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.
StateSCBond amount$15,000ObligeeState of South CarolinaBond classLicense BondCategoryConstructionBondSouth Carolina Residential Builder BondJurisdictionStatePlain descriptionA South Carolina Residential Builder Bond is a $15,000 guarantee required for anyone who builds, renovates, or contracts residential construction projects in South Carolina. This bond protects homeowners and the state i…Who needs this bondLicensed residential builders and holders of a Certificate of Authorization in South Carolina need this $15,000 bond. This includes individuals or entities holding a residential builder's license for residential buildin…
