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Florida Contractor/Construction License Bond (for financial responsibility)


Florida Contractor or Construction License Bond Information

The Florida Construction License Board requires that contractors meet certain financial responsibility criteria to conduct business in the state. In order to be issued a license, contractors with a FICO credit score below 660 must either post a Construction License Bond or submit an irrevocable letter of credit from a bank. For contractors who want to quickly determine their surety bond cost to see if it is the best option, Surety Bonds Direct can help.

The coverage amount of the bond is based on the type of license: $20,000 for Division I contractors or $10,000 for Division II contractors. Furthermore, the required bond amount may be reduced to $10,000 for Division I contractors and $5,000 for Division II contractors by completing a board-approved financial responsibility course.

A Financially Responsible Officer Bond may also be required to ensure financial obligations from construction work are satisfied. In addition to construction license bond discussed above, many cities across the state of Florida require various licensing, permit, compliance and other contractor bonds. When requesting a quote for these bonds, please enter the bond type name and amount of the bond provided to you by the authority requesting the bond and we will be in touch shortly with a low cost quote.

See our Spotlight article for more on Contractor License Bonds. If this bond is for a job that you are bidding or a contract that has been awarded to you, the surety bond you need is a Contract/Construction Bond rather than a Contractor License Bond.

How Much Does a Construction License Bond Cost in Florida?

Financially Responsible Officer Bond

$100,000 Bond

1-Year Bond

Contractor License Bond - Filed with City, County or Other Local Government

Bonds up to $25,000

1-Year Bond Starts at $100.00
1% of the Bond Amount


2-Year Bond Starts at $175.00
1.75% of the Bond Amount

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Getting Your Florida Business License or Registration

The Florida Construction Industry Licensing Board is tasked with licensing and regulating the construction industry in the state of Florida. The board meets regularly to review applications for licensure, disciplinary cases, and to conduct informal hearings relating to licensure and discipline. The board also establishes rules and guidelines in accordance with the provisions set forth in state statutes. Construction licenses may be issued by registration or certification:
Registration is when the applicant has taken and passed a local examination and can practice only within that local jurisdiction. Certification is when the applicant has taken and passed an examination and can practice throughout Florida.

Financial Responsibility and Stability Requirements for Contractor Licensing Applicants

Florida Law requires all construction contractor license applicants to prove that they are financially responsible and stable prior to issuance of their licenses. The Construction Industry Licensing Board has determined a contractor will be considered financially responsible and stable if the following items are established: There are no unsatisfied liens against the applicant or the company he or she intends to qualify; There are no unsatisfied judgments against the applicant or the company he or she intends to qualify; Applicant has a 660 FICO derived credit score or higher, or submits a licensing bond or irrevocable letter of credit. The licensing surety bond or letter of credit must be maintained by the licensee until the applicant has a FICO credit score of 660 or higher.

Applicant with a 660 credit score or less at the time of application must establish financial responsibility by obtaining a contractor license bond or letter of credit. The amount of the bond or letter of credit is based on the type of license: $20,000 for Division I contractors or $10,000 for Division II contractors. These bond amounts may be reduced to $10,000 for Division I contractors and $5,000 for Division II contractors by completing a board-approved financial responsibility course.

Other Helpful Information and Links

The amount of the bond (not the cost) required by the Licensing Board is as follows; $20,000 for Division I construction contractors and $10,000 for Division II contractors. These bond amounts may be reduced to $10,000 and $5,000 respectively by completing a board-approved financial responsibility course.

Florida Department of Business and Professional Regulation Construction License Board

Obligee Contact Information

Division of Professions
Construction Industry Licensing Board
1940 North Monroe Street
Tallahassee, FL 32399-0783

Phone: 850.487.1395

Do I need to file for a Financially Responsible Officer application?

If your company designates a financially responsible officer to take financial responsibility for the company, that individual must complete the FRO application.

Does my Financially Responsible Officer need a bond?

Yes, all Financially Responsible Officers must have a Financially Responsible Officer Bond in place to ensure financial obligations that may result from construction work are satisfied. The bond is issued to the Construction Industry Licensing Board in the coverage amount of $100,000.