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New Contractors License Bond Requirements |
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| Bonds for New CCB Licenses |
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Beginning January 1, 2008, contractors that apply for a new CCB license will be required to provide a bond for the following:
| License Category |
Bond Amount |
| General contractor (all structures or residential only) |
$20,000 |
| Specialty contractor (all structures or residential only) |
$15,000 |
| Limited Contractor |
$10,000 |
| Inspector |
$15,000 |
| Licensed Developer |
$20,000 |
This is for NEW LICENCES only.
Contractors that have a renewal between January 1, 2008 and June 30, 2008 will renew from the following:
| License Category |
Bond Amount |
| General contractor (all structures or residential only) |
$15,000 |
| Specialty contractor (all structures or residential only) |
$10,000 |
| Limited Contractor |
$ 5,000 |
| Inspector |
$10,000 |
| Licensed Developer |
$15,000 |
NEW LOWER BOND RATES
FOR OREGON CONTRACTOR'S LICENSE BONDS
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| Standard Contractors License Bond (New Bond Rates Pending) |
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One Year |
Two Years |
Three Years |
Four Years |
$5,000 |
$90 |
$135 |
$180 |
$225 |
$10,000 |
$160 |
$200 |
$250 |
$300 |
$15,000 |
$225 |
$285 |
$350 |
$425 |
$20,000 |
$280 |
$340 |
$405 |
$480 |
$50,000 |
TBD |
TBD |
TBD |
TBD |
$75,000 |
TBD |
TBD |
TBD |
TBD |
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Preferred Credit Contractors License Bond
(3 yrs with the CCB and Excellent Credit)
(New Bond Rates Pending) |
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One Year |
Two Years |
Three Years |
Four Years |
$5,000 |
$75 |
$125 |
$175 |
$225 |
$10,000 |
$140 |
$180 |
$230 |
$280 |
$15,000 |
$200 |
$260 |
$330 |
$400 |
$20,000 |
$240 |
$300 |
$370 |
$440 |
$50,000 |
TBD |
TBD |
TBD |
TBD |
$75,000 |
TBD |
TBD |
TBD |
TB |
The two new bond forms the state has developed will be required starting July 1st, 2008. They will be on our website prior to that time.
Here is a link to the State's website for more information.
http://www.oregon.gov/CCB/Whats_New_for_Contractors.shtml |
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PENSION TRUST / ERISA SURETY BOND (New Bond Rates Pending) |
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Bond Amount |
3 years prepaid |
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$ 5,000 |
$100.00 |
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$ 10,000 |
$102.00 |
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$ 15,000 |
$102.00 |
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$ 25,000 |
$132.00 |
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$ 50,000 |
$180.00 |
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$ 75,000 |
$223.00 |
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$ 100,000 |
$250.00 |
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$ 125,000 |
$264.00 |
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$ 150,000 |
$277.00 |
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$ 200,000 |
$302.00 |
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$ 225,000 |
$314.00 |
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$ 250,000 |
$326.00 |
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$ 375,000 |
$387.00 |
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$ 500,000 |
$449.00 |
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ERISA Bond Information and On Line Application |
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