Contractors License Bond, Oregon Developer (RD): Developers that fall into this category are required to post a $20,000 surety bond.
These contractors are defined by the state of Oregon as:
1. The applicant owns the properties, or an interest in the properties, on which it arranges for construction work;
2. The applicant arranges for construction work or improvement of residential or small commercial real property, with the intent to sell the property;
3. The applicant acts in association with one or more licensed general contractors who have sole responsibility for overseeing all phases of construction activity on the property;
4. The applicant does not perform any construction work on the property.
No Credit check required for Oregon Contractors License Bonds with bond amounts up to $20,000 and rates from 1% Multi year discount is available.
Visit the Oregon Contractor’s Licence Board website for more information.
Other Types of Oregon Contractor’s License Bonds
There are eight different classifications of licenses in Oregon. To see which on you need, click on the link below for a brief description.