The City of Indianapolis General Contractor Bond is a 2 year bond.
This bond has a common anniversary date of 12/31 on even numbered years. It is a $10,000 bond. Surety1 can provide this bond fro as little as $175.00 for the 2 year term.
The Indianapolis Department of Business and Neighborhood Services has the responsibility of licensing persons and business organizations engaged in construction activity in the Consolidated City of Indianapolis, Marion County. The Consolidated City of Indianapolis does not include the excluded cities of Lawrence, Beech Grove, Speedway and Southport. The contractor license types include general, electrical, heating and cooling, and wrecking. All must be licensed and provide the required City of Indianapolis General Contractor Bond.
All licenses currently held by general contractors are set to expire 12/31/2016. In order to renew your license, you will need to supply the department with your updated insurance certificate(s), surety bond expiring 12/31/2018, and company renewal application.
Time is of the essence. As we get closer to the end of the year, the turn-a-round time on renewals will increase based on the volume of applications received. Don’t delay, get your bond today.
For more information on obtaining your license, click here.