Get Surety Bond to become a Contractor in Oregon

To become a contractor in the state of Oregon, one needs to get the contractor license. The license is basically divided into residential and commercial categories which are further divided into additional subcategories. You need to purchase surety bond Oregon by paying the bond amount required for the specific category to become a licensed contractor.

Steps to get CCB license

To become a contractor in Oregon, you need to get CCB or Oregon Construction Contractors Board license and CCB surety bond Oregon. To get the license you need to follow the steps:

  • The contractors in Oregon have to endorse for work they will carry out on the type of structures.
  • You need to complete the pre-licensing training of 16 hours on law and business practices.
  • The next step in this process is to get the name of the business registered with Oregon Secretary of State. You need to get your EIN number after registration.
  • You need to purchase the Oregon CCB Surety Bond. The surety bond is not similar to insurance but it is a protection for the Oregon state which ensures that you are following all the rules and regulations in your work.
  • You need to get the liability insurance with policy naming the Construction Contractors Board as certificate holder.
  • As a contractor in construction business, you will hire many workers to work for you. Hence you need to get workers compensation insurance.
  • You need to get other employer account numbers, state and federal tax numbers.
  • The next step is to select the CCB application that matches your endorsement type and fill them up.
  • You then have to submit the application along with the original bond, insurance certificate and a fee of $250 for two years of licensing to Construction Contractors Board.

There are companies that help newly licensed contractors get surety bonds and older ones to renew their bonds and licenses. The contractors who work with projects with value of $100,000 or more must get additional public works bond as well.

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