Commercial General Contractor

For contractors who construct, alter, and repair any commercial property or supervise subcontractors performing work on a property. The bond can range from $5,000 to $100,000 based on state-imposed requirements associated with your filed gross receipts. The costs can start as low as $50 per year but may vary based on the bond value and the personal credit associated with the licensee. If qualified, a multi-year option may be available with longer terms carrying a reduced annual rate.

Commercial Specialty Contractor

For contractors who engage in contract work corresponding to their specialty classification(s) on a commercial property. The bond can range from $2,500 to $50,000 based on state-imposed requirements associated with your filed gross receipts and license type. The costs can start as low as $100 per year but may vary based on the bond value and the personal credit associated with the licensee. If qualified, a multi-year option may be available with longer terms carrying a reduced annual rate.