For all new and renewal license applications, a surety bond as required under ORS 701.068, or a surety bond, letter of credit or cash deposit as required under ORS 701.088, must be in one of the following amounts:
- (1) Residential General Contractor — $25,000.
- (2) Residential Specialty Contractor — $20,000.
- (3) Residential Limited Contractor — $15,000.
- (4) Residential Developer — $25,000.
- (5) Residential Locksmith Services Contractor — $15,000.
- (6) Home Inspector Services Contractor — $15,000.
- (7) Home Services Contractor — $15,000.
- (8) Home Energy Performance Score Contractor — $15,000.
- (9) Residential Restoration Contractor — $15,000.
- (10) Commercial General Contractor Level 1 — $80,000.
- (11) Commercial Specialty Contractor Level 1 — $55,000.
- (12) Commercial General Contractor Level 2 — $25,000.
- (13) Commercial Specialty Contractor Level 2 — $25,000.
- (14) Commercial Developer — $25,000.
- (15) Construction Flagging Contractor — $25,000.
Statutory/Other Authority
ORS 701.068, 701.088 & 701.235
Statutes/Other Implemented
ORS 701.068, 701.081, 701.084, 701.088, 701.470 & 701.540
History
CCB 1-2023, amend filed 11/30/2023, effective 01/01/2024
CCB 1-2017, f. 6-28-17, cert. ef. 7-1-17
CCB 2-2016, f. 12-29-16, cert. ef. 1-1-17
CCB 6-2013, f. 12-19-13, cert. ef. 1-1-14
CCB 5-2008, f. 2-29-08, cert. ef. 7-1-08