Overview of Oregon Contractors License Bond Requirements

This type of contractor license bond is required from several categories of contractors in the state of Oregon. The bond ensures that contractors will operate their business lawfully, as described in the Oregon Revised Statutes, as well as Chapters 701 and 812 of the Oregon Administrative Rules (OAR).

If a contractor is using unlawful business practices and/or a contract breach occurs, the Construction Contractors Board will assess the amount of compensation they need to provide. If they fail to comply, a claim can be made against the bond. The claim will be paid in full by the surety bond company that signed the bond, but the financial responsibility still lies with the contractor, who must reimburse the surety afterwards.

You can start your application to receive a free bond quote, or continue reading the sections below for more information.

Oregon Contractors License Bond Cost

The total bond amount, i.e. the maximum penal sum of the bond, depends on several the type of work you do and your license type. The amounts vary between $10,000 and $75,000, and they signify the maximum claim that can be made against the bond, not what you need to pay.

The actual bond cost for contractors is an annual premium, normally just between 1% and 3% of the required total amount. For a $50,000 bond this translates into annual premiums between $500 and $1,500.

Let’s take a look at bond amounts by license types, so you can quickly get an estimate of your costs based on your credit score.

Commercial Contractors

Among commercial contractors, there are several license types. Level 1 general contractors are required to have at least eight (8) years of construction experience, while Level 2 general contractors need four (4) years. For both levels, there is no limit on the number of projects worked during any one time.

Specialty contractors are also divided into Level 1 and Level 2 and the required experience level is the same as that for general contractors. However, they can work on a maximum of two projects at once.

Surety Bond Cost Based on Credit Score
State and Bond Name Surety Bond Amount Above 700 Between 650-699 Between 600-649 Below 599
Commercial Developer $20,000 $200-$400 $300-$600 $400-$800 $600-$1,000
Commercial Specialty Contractor Level 1 - $50,000 $500-$1,000 $750-$1,500 $1,000-$2,000 $1,500-$2,500
Level 2 - $20,000 $200-$400 $300-$600 $400-$800 $600-$1,000
Commercial General Contractor Level 1 - $75,000 $750-$1,500 $1,125-$2,250 $1,500-$3,000 $2,250-$3,750
Level 2 - $20,000 $200-$400 $300-$600 $400-$800 $600-$1,000

* The table provides a bond cost ballpark estimate based on the applicant's credit score. Actual bond prices can differ due to a number of factors. For an exact quote, please complete our online application. It's fast and 100% free!.

Residential Contractors

There are several types of residential contractors licenses as well.

General residential contractors can both work on and supervise residential construction projects.

Residential speciality contractors can work on a maximum of two projects, provided they are unrelated. When working on one property, they can work on up to three buildings, but labor and materials cannot exceed $2,500.

Residential limited contractors don’t have a limit on the number of buildings they can supervise. However, there are the following limitations:

  • No single contract can exceed $5,000.
  • The gross annual volume of contracts cannot exceed $40,000.
Surety Bond Cost Based on Credit Score
State and Bond Name Surety Bond Amount Above 700 Between 650-699 Between 600-649 Below 599
Residential General Contractor, Residential Limited Contractor, Residential Developer $20,000 $200-$400 $300-$600 $400-$800 $600-$1,000
Residential Specialty Contractor $15,000 $150-$300 $225-$450 $300-$600 $450-$750
Residential Specialty Contractor $10,000 $100-$200 $150-$300 $200-$400 $300-$500

* The table provides a bond cost ballpark estimate based on the applicant's credit score. Actual bond prices can differ due to a number of factors. For an exact quote, please complete our online application. It's fast and 100% free!.

In addition to commercial and residential contractors, a variety of other construction-related professions may also be required to post a surety bond in Oregon. These include restoration contractors, developers, home inspectors, locksmith services contractors, and others.

Program for Bad Credit Applicants

We offer a bad credit surety bonds program that can help contractors with bad credit obtain their license bond.

Surety bonds companies evaluate applicants’ credit reports in order to come up with a premium. The most important piece of information is your credit score. A compromised credit score can increase your premium to between 3% and 5% a year.

However, a number of factors can decrease your premium even if your credit score isn’t strong. Our agents can help you with building your application to highlight your strong points. You can learn more about cost-determining factors in our surety bond cost guide.


Certain activities are exempt from licensing and bonding requirements, such as gutter cleaning, power and pressure washing, and debris clean-up. Handymen are also exempted, provided they do not enter into contracts exceeding $1,000 and do not advertise their services.

Start Your Application Today!

To apply for your Oregon contractors license bond, all you need to do is submit our one-page online application.

Based on the information you provide, we’ll contact you with your free bond quote. If you choose to proceed, we’ll help you throughout the application process and do the paperwork for you.

We’ll send you the original bond form by mail, which you should attach along with your application. If you have any questions, feel free to call us at (866)-450-3412.

Further Reading

Things to keep in mind about the bond

In order for your contractor license bond to be accepted, you should keep in mind that the CCB has some specific requirements.

  • Copies of the bond are not accepted.
  • The original bond form should be attached along with the application, or you may experience a delay in your licensing procedure.
  • The bond should be issued using a sole proprietor’s full legal name. In case of multiple ownership, it should include the names of all owners.
  • For limited partnership, the CCB recommends that you contact them to receive special instructions.
  • You must submit the bond no later than 60 days after the date it is signed by the surety company.

Oregon contractors license bonds are considered continuous until cancelled, but premiums need to be paid annually for them to remain in force.

How to get an Oregon contractor license

There are a number of steps you need to take in order to apply for your Oregon contractor license. Keep in mind that you should submit it only after all of the paperwork is complete, otherwise your application will be rejected.

Here are some of the requirements you need to fulfill:

  • Complete 16 hours of pre-licensing training
  • Successfully pass the pre-licensing test
  • File your business name with the Secretary of State
  • Pay all applicable fees
  • Submit the relevant application form

This is not an exhaustive list of requirements. There are a number of specific requirements for each license type, so make sure you get to know them on the website of the Construction Contractors Board.

About us:
Bryant Surety Bonds, Inc. is a surety bond agency based in Pennsylvania. Licensed in all 50 states and with access to over 20 T-listed, A-Rated bonding companies, we have the contacts, expertise, and top service to provide you with a hassle-free experience, all while offering competitive rates for your surety bond.