Contractors of all kinds are required to be bonded and licensed by the Oregon Construction Contractor's Board (CCB) . This is outlined in Oregon Revised Statutes 701 and Oregon Administrative Rules 812. The type of bond required depends on the type of contractor license. Residential bond amounts range from $10,000 to $20,000. Commercial bond amounts range from $20,000 to $75,000.
Rates range from 1%-6% of bond cost depending on the contractor's year of experience and credit score. Price increase as bond amounts increase. For a $10,000 residential bond, price could range anywhere from $100 to $600. We work with the best insurance carriers in Oregon to get you the best prices.