Surety bond required by the Oregon Construction Contractors Board (CCB) of every licensed construction contractor, with amount tied to the contractor's license endorsement.
ORS 701 and OAR 812 require every CCB-licensed contractor to post a surety bond as a condition of license issuance. Oregon's structure is unique in tying bond amounts to license endorsement — the type of work performed:
| Endorsement | Bond Amount |
|---|---|
| Residential General Contractor | $20,000 |
| Residential Specialty Contractor | $15,000 |
| Residential Limited Contractor | $10,000 |
| Residential Developer | $20,000 |
| Commercial General Contractor (Level 1) | $75,000 |
| Commercial General Contractor (Level 2) | $20,000 |
| Commercial Specialty Contractor (Level 1) | $50,000 |
| Commercial Specialty Contractor (Level 2) | $20,000 |
Endorsement levels for commercial contractors are based on the contractor's reported gross sales: Level 1 is for higher-volume firms.
Premium scales with bond amount and credit. Most residential contractors pay $150–$300 annually:
| Credit Profile | Annual Premium | Approx. Rate |
|---|---|---|
| $10,000 bond, good credit | $100 – $150 | 1% – 1.5% |
| $15,000 bond, good credit | $150 – $250 | 1% – 1.7% |
| $20,000 bond, good credit | $200 – $400 | 1% – 2% |
| $50,000 bond, good credit | $500 – $1,250 | 1% – 2.5% |
| $75,000 bond, good credit | $750 – $1,875 | 1% – 2.5% |
| Any tier, challenged credit | Up to 5% of bond | 3% – 5%+ |
Oregon contractor bonds run on 2-year cycles aligned with the CCB license. The CCB sends renewal notices 60 days in advance. Crossing endorsement levels (e.g., Level 2 to Level 1 commercial) at renewal requires the higher bond. Lapsed bonds result in immediate license suspension.
Commercial endorsements are based on your reported gross sales for the prior year: Level 1 (over $1M) requires the higher bond; Level 2 (under $1M) requires the lower amount. CCB reviews this annually.
Generally one bond at the highest required amount for any endorsement you hold. CCB allows endorsement combinations under a single license entity.
Yes. Oregon allows subs and material suppliers to file claims for unpaid amounts. This is a common claim category in Oregon.
The bond satisfies money judgments from CCB-administered consumer disputes. CCB rulings are typically the trigger for bond claim payments.
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