Dual Contractor Bond Application
For contractors who engage in both commercial and residential contract work for their license type (general, specialty and engineering). The bond can consist of any combination of the various residential and commercial limits based on state-imposed requirements associated with your filed gross receipts. The costs can start as low as $75 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.