North Carolina General Contractor License Bond
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How Much Do North Carolina General Contractor License Bonds Cost?
North Carolina general contractor license bond costs start at 1% of your state-required bond amount. For example, the $175,000 limited license bond starts at $1,750 for highly qualified applicants.
Your personal premium will be provided after a quick application review. Apply now to get started.
How to Get a General Contractor License Bond
You can apply for your North Carolina general contractor license bond online 24/7 through our safe and secure online application portal. Simply provide your general contractor or construction company name and Federal Employer ID Number (FEIN) for Licensing Board for General Contractors filing approval.
Once your order has been processed, we'll deliver your official North Carolina contractor license bond by email.
Can I Get a North Carolina Contractor License Bond With Bad Credit?
Yes, you may be approved for your North Carolina contractor license bond with bad credit. You might be asked to provide additional application information for non-standard market approval.
How Fast Can I Get My Bond?
Our industry-leading technology and responsive customer service team allow us to deliver your official North Carolina general contractor license bond faster than any other surety provider. General contractor bond orders placed by 4 PM CST Monday-Friday are typically processed same-day.
If you have questions about the North Carolina general contractor license bond or your application, call 1 (800) 308-4358 to speak with a friendly surety expert. We're here to guide you through contractor bonding so you can get back to running your business.
How Does a North Carolina General Contractor Bond Work?
North Carolina Administrative Code requires general contractor license applicants to have current assets that exceed current liabilities by at least $17,000 or have a total net worth of at least $80,000.
If a you cannot meet this working capital requirement, the state allows you to file a surety bond instead. This bond ensures that general contractors comply with all applicable laws, statutes, ordinances, rules, or regulations while performing construction work in North Carolina.
What Bond Amount Do I Need?
Your surety bond amount is based on your general contractor license type.
- Limited License: $175,000 bond amount
- Intermediate License: $500,000 bond amount
- Unlimited License: $1,000,000 bond amount
Why Do I Need to Be Bonded?
A North Carolina general contractor license bond confirms your financial stability in lieu of providing working capital verification. The bond form specifically benefits any person damaged by a general contractor's breach of contract while performing construction work.
Who Issues General Contractor Licenses in North Carolina?
The North Carolina Licensing Board for General Contractors enforces state license requirements for general contractors. You can contact the board by calling 1 (919) 571-4183, emailing [email protected], or mailing documents to the address below:
North Carolina Licensing Board for General Contractors
5400 Creedmoor Road
Raleigh, NC 27612
We also offer other North Carolina contractor bond types for separate state and city contractor licensing requirements.
Need Another Construction Bond in North Carolina?
This North Carolina contractor license bond is required for state general contractor licensing. If you need a surety bond for an individual project, you might need a bid bond, payment bond, performance bond, or other type of contract bond.
If you work in states beyond North Carolina, we also offer contractor license bonds nationwide.
How to Renew Your General Contractor Bond
North Carolina Annotated Code requires that general contractors maintain their surety bond as long as they have their general contractor license. You must renew your bond before its current term expires.
Once you pay your SuretyBonds.com renewal invoice, we'll provide instructions to keep you in good standing with the North Carolina Licensing Board for General Contractors.
What Are the North Carolina General Contractor License Classifications and Limitations?
North Carolina Annotated Code Title 21 Chapter 12A .0202 outlines the following North Carolina contractor license classifications.
- Building Contractor
- Residential Contractor
- Highway Contractor
- Public Utilities Contractor
- Specialty Contractor
North Carolina Annotated Code also outlines the following contractor license limitations.
- Limited License
- Intermediate License
- Unlimited License
How to Become a General Contractor in North Carolina
Complete the following steps to apply for your general contractor license in North Carolina:
- Determine whether you need a limited license, intermediate license, or unlimited license.
- Be at least 18 years old.
- Provide proof you possess good moral character.
- Provide proof of your financial responsibility, such as a North Carolina surety bond.
- Pass all required exams.
- Fill out your online application.
- Pay the application fee.
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
