The Tennessee Contractor Bond is required by Memphis & Shelby County to be in the amount of $25,000. The bond states that the bond is payable to and recoverable by the Memphis and Shelby County Office of Construction Code Enforcement, for its own use and to hold harmless Memphis and Shelby County and all persons from damages caused by the negligence or inadequate work done by their employees. The cost of this bond starts as low as $250 with just a filled out application!