Oregon Residential Contractor Bonds
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What is the cost of an Oregon residential contractor bond?
Oregon residential contractor bond costs start at $150 annually. Your individual surety bond cost will be determined based on your contractor license type and its required bond amount.
- Residential general contractor bond costs start at $375 annually.
- $15,000 residential home services contractor bonds cost $225 annually.
- $10,000 residential inspector services contractor bonds cost $150 annually.
- $15,000 residential limited contractor bonds cost $225 annually.
- $15,000 residential locksmith services contractor bonds cost $225 annually.
- $20,000 residential specialty contractor bonds cost $300 annually.
- $25,000 residential developer bonds cost $250 annually.
- $15,000 residential home performance score contractor bonds cost $150 annually.
- $15,000 residential restoration contractor bonds cost $150 annually.
- Residential contractor disciplinary bond costs start at $200 annually.
How do I get a residential contractor bond in Oregon?
You can purchase or apply for your Oregon residential contractor bond online 24/7. You'll need to provide your residential contractor name and your CCB license number (if available) for Oregon Construction Contractors Board filing approval. Once your order has been processed, we'll email your official residential license bond to you.
How fast can I get a residential contractor bond?
SuretyBonds.com offers 24/7 instant email delivery for Oregon residential general, home services, inspector services, locksmith services, specialty, and limited contractor bonds. Purchase now to receive these bonds delivered in minutes by email.
Our industry-leading technology and responsive customer service team allow us to deliver your Oregon residential contractor bond faster than any other surety provider. Orders placed by 4 PM CST Monday-Friday for other residential contractor bond types are typically processed with same-day emailed bond delivery.
If you have questions about Oregon residential contractor bonds, call 1(800)308-4358 to speak with a friendly surety expert. We're here to guide you through the residential contractor bond process so you can get back to running your business.
What are the Oregon residential contractor license bond requirements?
“Oregon residential contractor license bond” is an umbrella term for the various surety bonds required by the state for residential contractor licensing. Oregon Revised Statutes Section 701.081 requires individuals file a surety bond before providing residential construction services in the state. Each bond form has its own terms, but overall they're used to enforce Oregon laws that regulate residential contractor work. If you fail to comply with state laws while working, your issuing surety company will pay valid claims up to your full bond amount, which you must reimburse.
Why do you need an Oregon residential contractor bond?
You need to purchase and file this bond to be licensed as a residential contractor with the Oregon Construction Contractors Board. By filing your bond, you agree to comply with state laws and regulations for residential construction. If you have questions about your existing state license or the bond amount requirement for your new Oregon contractor license application, you can contact the CCB by calling 1(503)378-4621 or emailing [email protected].
The Oregon Construction Contractors Board requires this bond for residential contractor licensing. The CCB enforces a separate Oregon commercial contractor bond for commercial contractor licensing. We also offer other Oregon contractor license bond types in the state.
What types of residential contractor license endorsements are there in Oregon?
The Oregon Construction Contractors Board enforces the following residential contractor license endorsements.
Home Services Contractor (HSC)
This endorsement allows a licensed contractor to operate a business that offers a service, repair, or replacement that falls under a home services agreement.
Residential Locksmith Services Contractor (RLSC)
This endorsement allows contractors to operate a business that offers locksmith services.
Home Inspector Services Contractor (HISC)
This endorsement allows a licensed contractor to operate a business that offers home inspection services.
Home Energy Performance Score Contractor (HEPSC)
This endorsement allows contractors to operate a business that issues home energy performance scores.
Residential General Contractor (RGC)
This endorsement allows a licensed contractor to supervise, arrange for, or perform an unlimited number of building trades that involve any residential structures.
Residential Specialty Contractor (RSC)
This endorsement allows contractors to perform work that involves one or two unrelated building trades for residential projects. These contractors may perform work on single residential properties involving 3+ building trades if the contract for labor and materials is less than $2,500.
Residential Limited Contractor (RLC)
This endorsement allows a licensed contractor to supervise, arrange, and perform any number of building trades that involve residential construction or small projects. In order to do so, the contractor must meet the following requirements: foresees gross sales of less than $40,000 in the construction business for the next year, preforms work/adds value to a home that doesn't exceed $5,000, allows CCB to inspect tax records, and notifies the CCB if gross business exceeds $40,00 during the year.
Residential Developer (RD)
This endorsement allows a residential limited contractor to arrange the construction of residential structures or development of property they intend to sell. In order to do so, the contractor must meet the following requirements: owns the properties or interest on the properties that they are doing work on, arranges construction work on residential structures they intend to sell, acts in association with one or more licensed general contractors who have the responsibility for overseeing residential construction phases, and performs no actual construction work on the property.
When do Oregon residential contractor bond amounts increase?
Effective 1/1/2024, Oregon residential contractor bond amounts will increase by $5,000 for each endorsement type. This change was passed as part of Oregon Legislative Assembly House Bill 2922. For more information on how this change affects you and your CCB license, contact your surety provider.
How do I update or change my residential contractor bond form?
If the Oregon CCB requires your residential contractor licensing bond form to be updated for any reason, contact your surety company. If you purchased your residential contractor bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common changes requested are updating your name or license number to match your Oregon residential contractor license.
How do Oregon residential contractors renew your bond?
You'll need to renew your residential contractor license bond before its current term expires as required by Oregon law. Once you pay your SuretyBonds.com renewal invoice, instructions will be provided to keep your bond active for your next residential contractor license term.
How do I get my residential contractor license in Oregon?
Learn How to get an Oregon Residential Contractor License by reviewing our comprehensive guide.
You can apply for your Oregon residential contractor license by completing the following steps.
- Complete your 16-hour training and then pass the exam after.
- Determine which endorsement you need.
- File your corporation, LLC, or business name with the Oregon Secretary of State.
- Purchase and file your residential contractor license bond for the required amount.
- Buy general liability insurance in the correct amount.
- If you intend on hiring individuals to work for you, purchase worker's compensation insurance.
- Secure your federal and state tax numbers.
- File the application with all supporting documentation and fees.
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
