Bonding Requirements for Georgia Contractors
Not every Georgia contractor needs to obtain a surety bond, nor are all bonding requirements the same statewide. There are statewide requirements for general, residential, and water well contractors. In addition, a number of locations require that some contractors obtain additional bonding.
The purpose of contractor license bonds is to make sure that contractors know and perform their work in accordance with local regulations, such as building codes. These bonds also protect project owners and people who work directly with contractors.
An affected party which suffers losses because of a contractor’s non-compliance or fraudulent actions is entitled to compensation via the bond. If the contractor cannot make good on the claim, the surety bonds company that issues the bond is responsible for providing compensation within a given timeframe.
Read on to find out more about the cost of getting bonded in different locations. If you need our assistance, call us at (866)-450-3412.
Georgia Contractor License Bond Cost
The following table explains different Georgia locations and their contractor classifications. We have also provided estimated premiums based on credit score. If you want to get an exact quote, simply submit our quick online application. You can learn more about bonding costs on our surety bond cost guide.
|Location||Bond Type||Surety Bond Amount||Above 700||Between 650-699||Between 600-649||Below 599|
|Statewide||Water Well Contractors and Drillers Performance Bond||$20,000||$200-$400||$300-$600||$400-$800||$600-$1,000|
|Residential and General Contractors Bond||$25,000||$250-$500||$375-$750||$500-$1,000||$750-$1,250|
|Bibb County||Contractor Bond||Varies||Varies||Varies||Varies||Varies|
|Cobb County||Code Compliance Bond||$10,000||$100-$200||$150-$300||$200-$400||$300-$500|
|Columbia County||Commercial General Contractor Bond||$20,000||$200-$400||$300-$600||$400-$800||$600-$1,000|
|Residential Contractor Bond||$15,000||$150-$300||$225-$450||$300-$600||$450-$750|
|Specialty Contractor Bond||$5,000||$100||$100-$150||$100-$200||$150-$250|
|Dekalb County||Residential Maintenance Bond||Varies||Varies||Varies||Varies||Varies|
|Douglasville||Commercial Development Contractor's Code Compliance Bond||Varies||Varies||Varies||Varies||Varies|
|Residential Development Contractor's Code Compliance Bond||$10,000||$100-$200||$150-$300||$200-$400||$300-$500|
|City of East Point||General Contractors Bond||$25,000||$250-$500||$375-$750||$500-$1,000||$750-$1,250|
|Newton County||Residential Maintenance Bond||Varies||Varies||Varies||Varies||Varies|
|Richmond County||Contractor Bond||$20,000||$200-$400||$300-$600||$400-$800||$600-$1,000|
|Smyrna||Code Compliance Bond||$15,000||$150-$300||$225-$450||$300-$600||$450-$750|
|City of Valdosta||Contractor Bond||$2,000||$100||$100||$100||$100|
You can supplement your credit score, by submitting additional details that may strengthen your application. Here are some examples:
- Liquid assets
- Strong financial statements
- Industry experience
Getting these bonds with bad credit
Some Georgia contractor bonds don’t require a credit check, while others do. In most cases, your credit score will raise the premium you pay, but won’t be an obstacle to getting bonded.
Our Bad Credit Program can help almost all applicants get bonded, thanks to the relationships we have forged over the years with more than 20 A-rated and T-listed bonding companies. Our surety bonds experts look at each case individually, to provide valuable advice on how you can reduce your premium– either immediately, or over time.
Start Your Georgia Contractor License Bond Application Today!
Now that you have the facts, you’re ready to proceed with your application. We offer all types of contractor bonds in Georgia and will help you complete all the paperwork. All you need is five minutes to submit our one-page online application.
Upon submission, we’ll contact you and give you a free bond quote. In most cases, your bond will be signed and sent to you within 1-2 business days.
Georgia Contractor License Application and Requirements
There are a number of different requirements for Georgia contractors, and they mostly depend on the contractor classifications. Residential and general contractors can read our blog post on the licensing process.
Keep in mind that requirements can be subject to change, so make sure you are up-to-date with all of them by contacting the relevant authority prior to applying.
If you want to learn more about surety bonds in the state, check out our page dedicated to Georgia surety bonds.