This bond is required under Chapter 701 of the Oregon Revised Statutes. These contractors are defined as:
The applicant owns the properties, or an interest in the properties, on which it arranges for construction work;
The applicant arranges for construction work or improvement of residential or small commercial real property, with the intent to sell the property;
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;
and The applicant does not perform any construction work on the property.
The required bond amount is $20,000. To determine the cost of this bond, complete our easy online application.
To Obtain a Oregon Contractor – Commercial Developer Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.