General Contractor License Bond Bond
What is a General Contractor License Bond Bond?
A General Contractor License Bond is a type of License & Permit bond that ensures that general contractors comply with state and local regulations for construction projects, protecting consumers from financial loss due to poor workmanship or incomplete projects.
Protects consumers from financial loss due to the misconduct or negligence of general contractors.
Required by state and local governments to ensure responsible management and ethical conduct by general contractors.
Applicant’s personal or business information, credit history, bond amount (determined by state or local requirements), and contractor license details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
