Nevada Contractor License Bond Requirements
Applicants for all general and specialty contractor classifications need a contractor license bond to get licensed with the Nevada State Contractors Board. The following types of contractors need to get bonded:
- Classification A: General engineering
- Classification A: Subclassifications
- Classification B: General building
- Classification B: Subclassifications
- Classification AB: General building and general engineering
- Classification C1 to C42: Different types of specialty contractors
The bond amount you have to post is set by the Board when you apply for a license. You will have to get a continuous bond between $1,000 to $500,000.
The Board considers the license classification you’re applying for, granted monetary limit, financial responsibility records and projections, and your professional experience and character. You’ll receive the bond amount notification after your application is approved.
You’ll need to provide the bond in the official form provided by the Board. You’ll have to choose an A+ rated surety company authorized to work in Nevada.
Residential pool and spa contractors (subclassification A-10) have to get an additional Consumer Protection Bond. The amount is set by the Board at the time of obtaining a first license or renewal of an existing one. It can be between $10,000 and $400,000.
The Board determines the amount on the basis of the applicant’s financial and professional responsibility and their aggregate value of contracts in the last 12 months:
- $10,000 bond - contract value below $25,000
- $15,000 bond - below $50,000
- $30,000 bond - below $100,000
- $50,000 bond - below $250,000
- $100,000 bond - below $500,000
- $200,000 bond - below $1 million
- $300,000 bond - below $5 million
- $400,000 bond - more than $5 million
You have to provide the bond in the official Residential Pool and Spa License Bond form.
With Bryant Surety Bonds, you can obtain a bond for all Nevada contractor license classifications. Just fill out our online application form to get your free quote.
Need a surety bond for bidding on a construction project? Check out our contract bonds page for further details.
Get a quick estimate of the cost of your bond by using our surety bond calculator below!
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How Much Does a Contractor License Bond Cost in Nevada?
The cost, or premium, is a small percentage of the total Nevada contractor license bond amount. For example, if you are asked to obtain a $100,000 Nevada contractors license bond and are offered a 1% quote by the surety, your annual premium will be $1,000.
The percentage you’re offered is determined by the surety based on your personal finances, with your credit score having the greatest influence. Sureties consider a good credit score one which is 700 or above. Applicants with a high credit score can typically expect a rate between 1%-2%, with prices starting at $100.
You can consult the table below for a ballpark estimate of your bond premium.
|Nevada Contractor License Bond Costs|
|License type||Bond Amount||Surety Bond Cost by Credit Score|
|Above 700||650-699||600-649||Below 599|
|Contractors of all classifications||$1,000 to $500,000||$100
$5,000 to $10,000
|Additional Consumer Protection Bond for residential pool and spa contractors||$10,000 to $400,000||$100-$200
$12,000 to $20,000
Additional factors that affect your bond cost, including:
- Personal and business financial statements
- Fixed and liquid assets
- Professional track record
You can check out our extensive surety bond cost guide for a full overview of how your bond premium is determined.
General and Specialty Contractors
All types of Nevada contractors have to get bonded under Chapter 624 of the Nevada Administrative Code. The Nevada State Contractors Board sets the bond amount on a case-by-case basis. The amount you’ll have to post can be between $1,000 and $500,000.
The bond has to be written in favor of the State of Nevada for the benefit of any person having some of the following valid claims:
- A property owner who has suffered damages due to a contractor’s failure to fulfill the contract or to remove liens filed against the property
- An employee of the contractor who has worked on the construction site covered by the contract
- A supplier or materialman who has provided materials or equipment for the construction covered by the contract
- A person who is injured by the contractor’s unlawful act or omission in the performance of a contract
The term of the bond is two years. It should be active at all times during your licensing period to avoid suspension of your license.
Residential Pool and Spa Contractors
Residential pool and spa contractors have to get an additional Consumer Protection Bond. This requirement is set in Chapter 624-69575 of the Nevada Administrative Code. The bond amount is between $10,000 and $400,000 and depends on your aggregate volume of contracts in the last 12 months.
The bond is in favor of the State of Nevada solely for the benefit of a residential pool or spa consumer who suffers:
- Damages due to the failure of the contractor to perform the contract or to remove liens filed against the property
- Injuries due to the contractor’s unlawful act or omission in the performance of a contract
The bond term is two years, and you should have bond coverage during your whole licensing period.
Nevada Contractor Licensing Requirements
To obtain your contractor license, you’ll have to fulfill a range of other requirements. They include:
- Four years of experience in the respective contractor classification as a journeyman, foreman, supervisor, or contractor, of which up to 3 may be in the form of an approved education or apprenticeship program
- Get a Nevada state business license and ID through the state’s Business Portal
- Fill out the Nevada Contractors License Application Form
- Pass a Business and Law (CMS) and trade examination specific to the classification requested after preliminary approval of your application by the Board
- Financial statement requirements as set for your specific monetary limit (below $10,000, below $50,000, below $250,000 and more than $250,000)
- Pay a license application fee between $200 and $1,000
You can consult the complete list of Nevada contractor license requirements.