What is an Oregon contractor license bond?
All individuals and businesses seeking a residential or commercial contractor license in Oregon must post a contractor license bond. The bond ensures contractors faithfully comply with state and local regulations and complete their work on time. The Oregon Construction Contractors Board (CCB) regulates contractor licensing in the state.
Get Your Oregon Contractor License Bond:
Contractor License Bond Requirements in OR
Residential Bonds
The required bond amount depends on the specific contractor license endorsement in Oregon. Bond amounts for residential bonds, by contractor endorsement, are as follows:- Home inspector services: $10,000
- Home performance store: $10,000
- Home services: $10,000
- Residential developer: $20,000
- Residential general: $20,000
- Residential limited: $10,000
- Residential locksmith services: $10,000
- Residential specialty: $15,000
Commercial Bonds
License bond amounts are as follows for commercial license endorsement(s):- Commercial developer: $20,000
- Level 1 commercial general: $75,000
- Level 2 commercial general: $20,000
- Level 1 commercial specialty: $50,000
- Level 2 commercial specialty: $20,000
Frequently Asked Questions
How much does a contractor license bond cost?
To obtain a contractor license bond, applicants must pay a premium. The bond premium is a small percentage of the total bond amount. In Oregon, this is generally $100-$200. The cost may be higher if you have poor credit. While your personal credit score is the main factor for determining the premium, business financials and industry experience may also come into play.
How does Oregon define “contractor”?
Oregon defines a “contractor” as an individual or business entity performing or submitting a bid to perform services related to the construction, repair, or alteration of a building or structure. Find the official definition in the Oregon Revised Statue 701.005.
How do I renew my contractor license?
Renew your license through the CCB’s licensing portal every two years. Remember to renew both your contractor’s license and bond before their expiration dates to remain in good standing.
Get Your Contractor License Bond in Oregon
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email support@zipbonds.com or call 888.435.4191 to speak with an agent directly.
About ZipBonds.com
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.