Get Your Oklahoma Contractor License Bond
$5,000 Bond
$5,000 Bond
$5,000 Bond
$5,000 Bond
Bonds up to $25,000
1-Year Bond Starts at $100.00
1.0%-1.8% of the Bond Amount
2-Year Bond Starts at $175.00
1.0%-1.8% of the Bond Amount
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Who Is Required To Purchase an Oklahoma Contractor Contractor Bond
State Level Bonding Requirements
The only state level contractor licenses required to purchase a contractor license bond are:
- Electrical contractors
- Mechanical contractors
- Plumbing contractors
All of these licenses require a $5,000 bond amount.
TABLE WITH PURCHASE LINKS
Out of State Contractors
If you’re an out-of-state contractor, there is a surety bond requirement for any contracted job you take in the state.
This bond requirement applies to all license classifications.
The amount is going to be three times (3X) the estimated tax liability. The estimated tax liability is calculated using form BT-194.
TABLE WITH LINK
County or Municipal Bonding Requirements
Finally, there’s the possibility of county or municipal level contractor bonds.
Having helped hundreds of Oklahoma contractors purchase their bonds, here are the municipalities we see over and over again:
- City of Enid
- City of Stillwater
- Del City
- Oklahoma City
- Tulsa
Right of Way Bonding Requirements
Finally, all contractors who take on city projects like a street, sidewalk, or sewer project are required to get a right of way surety bond.
A right of way bond is considered a local bonding requirement.
The bond amount ensures you’ll restore the public (city) property to working order after the project is over. The amount is typically equal to the project amount. However, you will be told the required amount by the municipality in charge of the project.
Request a FREE Price Quote Today
Let us price shop for you and find the lowest possible price. This costs you nothing and there's no obligation to buy once you get pricing.
Need Help? Call Us Today
Talk to a bond specialist today. They will help you find the surety bond you need and get you the lowest possible price. 1-800-608-9950
Why is an Oklahoma Contractor License Bond Required?
Oklahoma (like all states) requires individuals and companies, who want to offer professional contracting services, to obtain an occupational license or contractor license.
The licensing process sets forth a set of professional standards that must be met to legally perform work in Oklahoma.
Examples of these licensing standards include:
- A minimum level of experience
- Obtained the necessary level of education
- The proper business records are submitted
- Selected the appropriate license type for the projects they want to bid on
Part of the licensing process is the bonding requirement or potentially multiple bonding requirements.
Being a licensed contractor gives the Oklahoma public confidence that you are a contracting expert who can be trusted.
And remember, the surety bond is your pledge to Oklahoma that you will follow all Oklahoma contractor laws and it’s also your pledge to your customers that you will complete projects according to your agreement.
The bond is for your customer’s projection.
What Does an Oklahoma Contractor License Bond Protect Against?
Despite the licensing standards and requirements, every year there will be a handful of licensed contractors who purposefully commit contractor fraud to increase profits.
Examples of these fraudulent actions include:
- Breaking the terms of a construction project
- Altering contract terms without the customers knowledge
- Taking deposits or down payments and never starting or completing a project
- Replacing agreed upon materials with cheaper alternatives to increase profits
- Failing to pay subcontractors for completed work
- Neglecting building codes and purposefully performing poor quality work
If a customer is victim to one of these actions, they can make a claim against the contractor’s surety bond for financial compensation. However, this compensation only extends to the total amount of the surety bond.
How Much Does an Oklahoma Contractor Bond Cost?
The price to purchase the contractor bond you need is based on a rate quoted by a surety.
A surety is an insurance company that underwrites contractor surety bonds. And every surety will conduct their own assessment of the applicant based on many factors.
The primary factors considered are*:
- The personal credit of the owner or owners
- Contracting experience and industry experience
- Any prior bond claims if you've been licensed in the past
The rate quoted from the surety, multiplied by the bond amount you require is the price you pay.
And if you want to save money, you should use a specialized surety agency like Surety Bonds Direct to purchase your surety bond.
It’s our job to save hundreds of dollars by price shopping for you. In the case of Oklahoma contractor bonds, we have already secured low fix prices with:
- No credit check
- No experience or background check
- No worrying about prior bond claims
Electrical, Mechanical, and Plumbing Contractors
Remember, all of these licenses have a state required bond amount of $5,000.
We can offer the absolute minimum price for these bonds.
Mechanical (HVAC) Contractor Bond
| Bond Type | Pricing Options | Purchase |
|---|---|---|
| HVAC - Mechanical Bond | $100 for 1 year term | Click to Buy |
| $175 for 2 year term | Click to Buy | |
| $250 for 3 year term | Click to Buy |
Electrical Contractor Bond
| Bond Type | Pricing Options | Purchase |
|---|---|---|
| HVAC - Mechanical Bond | $100 for 1 year term | Click to Buy |
| $175 for 2 year term | Click to Buy | |
| $250 for 3 year term | Click to Buy |
Plumbing Contractor Bond
| Bond Type | Pricing Options | Purchase |
|---|---|---|
| HVAC - Mechanical Bond | $100 for 1 year term | Click to Buy |
| $175 for 2 year term | Click to Buy | |
| $250 for 3 year term | Click to Buy |
“Other” Contractor Bonds
You will likely bump into other bonding requirements as you go through your career. We’ve helped other Oklahoma contractors obtain bonds for:
- Insulation projects
- Sign contracting projects
All of these projects tend to have required a $5,000 bond amount and you can purchase your bond for the same low prices.
| Bond Type | Pricing Options | Purchase |
|---|---|---|
| HVAC - Mechanical Bond | $100 for 1 year term | Click to Buy |
| $175 for 2 year term | Click to Buy | |
| $250 for 3 year term | Click to Buy |
If your project requires a different bond amount, submit a quote and tell is about it. You can always call 1-800-608-9950 to speak with a bond specialist.
County and Municipal Bonds
Because these bonds have different amounts based on the city and project, we don’t have pricing we can list. However, you can get your pricing immediately.
The pricing for local bonds will be 1% to 1.8% of the bond amount you require.
And pricing starts are $100.
Click here and fill out our quote form. Once you enter your bond amount and purpose, it will give you an immediate price.
Out of State Contractors
The bond amount is going to be based on the project. So to get pricing, you’ll have to request a quote and tell us the bond amount you’ve been told to purchase.
Once we know the bond amount, we can get you pricing.
Click here and request your quote today. You can always call a bond specialist at 1-800-608-9950.
What Happens Once You Purchase Your Bond?
Purchasing your bond requires completing an online order form. There’s nothing fancy about it.
Once you purchase your bond, Surety Bonds Direct's issuing team will prepare your bond with:
- The correct signatures
- Notary seals
- And the required power of attorney
Oklahoma allows us to email the bond to you. This speeds up the process and also allows you to submit a copy with your license packet.
The bonding process is complete until your renewal period.
Renewing Your Contractor Bond
As you’ve seen, you can purchase your contractor bond for a 1, 2, or 3 year bond term.
The bond term is the date when your bond expires and must be renewed.
If you’re an out of state contractor, your bond term is the length of the project. All out of state contractors must renew their bond on December 31st if the project extends past the calendar year.
This is another great reason to work with Surety Bonds Direct. You get assigned a bond specialist to manage your bond for you.
As your expiration date approaches, your bond specialist will reach out to you 30 to 45 days in advance of your renewal date to make paying the renewal premium easy.
Once you pay the renewal premium, your bond remains active.
The Oklahoma Contractor License Bond is Continuous
A continuous bond means the original bond remains active as long as you pay the renewal premium.
Most of the time, you never have to worry about having a new bond issued or submitting the bond to the CSLB.
If we find you lower pricing, we'll get you that bond, file it for you, and of course notify you of the bond change.
Contractor License Bonds And Getting Your Oklahoma Business License/Registration
Read our post on getting your Oklahoma contractors license. We cover all the main license classifications.
The process is straightforward and here are the important steps.
- Determine who will hold the license
- Outline business structure
- Decide on license classification and specialty
- Take the necessary exams
- Purchase your surety bond
- Purchase the required liability and/or workers compensation insurance
- Submit your completed application
Request a FREE Price Quote Today
Let us price shop for you and find the lowest possible price. This costs you nothing and there's no obligation to buy once you get pricing.
Need Help? Call Us Today
Talk to a bond specialist today. They will help you find the surety bond you need and get you the lowest possible price. 1-800-608-9950
What is a Contractor License Bond?
Getting your contractor license & need to purchase a surety bond. But what is a surety bond? Find out in this video and how to buy it for very little.
What's a Surety Bond And Why Is It Required?
This short video will break down what a surety bond is so you understand why it's required and how much it will cost.
How Long Does It Take To Get A Surety Bond?
Learn what a surety bond is, how to get a surety bond, and the difference between a surety bond and business insurance.
Why Does a Contractor Need to be Bonded?
A contractor needs to be bonded because the level of contractor fraud against consumers is high enough the state, county, city, or project owner demands protection.
Let me explain.
Whether you're getting a:
- Contractor license bond
- A permit or right of way bond
- A performance bond
The customer of the contractor expects the project to be completed:
- Following building codes
- With quality work
- Using the correct materials
- Following the contractor to the letter
Unfortunately, there are licensed and illegally unlicensed contractors who cheat their customers to make money.
Examples of fraudulent actions include:
- Breaking the terms of a construction project
- Taking deposits or down payments and never starting or completing a project
- Replacing agreed upon materials with cheaper alternatives to increase profits
- Fail to pay subcontractors for completed work
- Fail to follow building codes and purposefully performing poor quality work
Because these issues are so prevalent, state, county, and city governments require contractors to purchase a contractor bond.
This means purchasing a surety bond.
Even private project owners require contractors to be bonded as a guarantee the project will get done on time and according to the contract.
This is what a contractor surety bond is:
It's a special type of insurance contract you purchase a the contractor as a guarantee that you will:
- Follow all laws, rules, and regulations in your state
- Complete projects according to the contract
- Pay any required sales taxes on projects
Getting bonded a? a contractor is easy.
It starts by requesting a quote so you can get pricing.
That's what we do. We help you find the lowest possible price for the bond you need.
After you purchase, we issue your bond in one business day and can even help you file it.
Once you purchase, you're officially bonded.
What is a Contractor License Bond?
A contractor license surety bond is a type of insurance you're required to purchase as a guarantee that you will:
- Fulfill your promises and complete all jobs according to the contract
- Bid appropriately on projects
- Pay subcontractors for work they complete for you
- Follow all state, county, and/or municipal building codes and regulations
Typically a contractor surety bond is required to get your contractor license issued at a state level.
However, not every state has a state level contractor license. Many counties, municipalities, and townships may have their own:
- License bonding requirements
- Permit bonding requirements
In this case, we'll focus on the contractor license bond.
Why Are You Required To Purchase a Contractor License Bond?
Most states have a state level licensing requirement.
And like we mentioned, many counties and municipalities have their own independent requirements.
Even though contractors are required go through a rigorous licensing process, there will always be a handful of licensed contractors who financially harm their customers on a purpose to make more money.
Acts of misconduct or fraud can include:
- Breaking the terms of a construction project
- Taking deposits or down payments and never starting or completing a project
- Replacing agreed upon materials with cheaper alternatives to increase profits
- Failing to pay subcontractors for completed work
- Neglecting building codes and purposefully performing poor quality work
It's because of these "fraudulent contractors" that your licensing agency requires every contractors to purchase a surety bond before performing work or starting a project.
How Can You Save Money Buying a Contractor Bond?
The price (or premium) of a contractor bond is determined by a surety.
A surety is an insurance company that underwrites surety bonds. (FYI - not all insurance companies provide surety bonds.)
Every surety does their own assessment when providing a price for a contractor bond.
This means prices will be different from one surety to the next.
Getting the lowest price can save you hundreds - even thousands - of dollars.
How Is Price Determined?
For contractor bonds, the surety will consider:
- Credit of the owner or owners
- Industry and business experience
- The history of customer claims against contractors in your state
Because the price quoted by each surety will be different, using a specialized surety agency like Surety Bonds Direct will help you save money.
In some cases we have already secured low fixed prices - with no credit check - for the bond you need.
Click on your state and you'll find the bond you need.
How to Potentially Save Hundreds of Dollars
We work with our network of proven, A-rated sureties to price shop for you and find the lowest possible price.
The best part is, you're under no obligation to purchase once we find you pricing.
You have nothing to lose to have us get you pricing and see how low of a price you can get.
We've saved our customers hundreds of dollars when purchasing their auto dealer bond.
The money you save can be used to pay:
- Application fees
- Examination fees
- Additional insurance costs like liability insurance
- Other fees or costs to get your business up and running
Purchasing a Contractor Bond Is Easy
If you agree to the low price we'll found you, purchasing your auto dealer bond is as easy as completing an online checkout form.
After a successful purchase, our issuance team will:
- Prepare the correct bond form
- Collect the necessary signature
- Ensure the seals are in place
- And provide the power of attorney
Some contractor bonds must be physically mailed to you so you can turn in the original bond with your application.
Most contractor bonds can be emailed to you so you can submit a copy of the bond with your application.
Let Us Manage This Process For You And Save You Money!
If this is your first time purchasing a contractor license bond, this process may be new to you.
Let's us manage everything for you so:
- You do not overpay for your auto dealer bond
- You can get the process done quickly and correctly
Click here and choose your state to get started.
If you're not sure of the bond you need, fill out our free online quote form and provide as many details as you can.
Our system will find the bond you require or a bond specialist will call you can help you get this process done.
How to Get Bonded as a Contractor?
Getting bonded as a contractor is easy.
At a high level it only requires purchasing the correct surety bond for your needs and only takes 1 to 2 days to get the process done.
Step 1 - Get pricing Step 2 - Purchase the bond Step 3 - Have your bond issued
You likely need one of these types of bonds:
- License bond
- Permit bond
- Performance bond
Contractor License Bond
A contractor license bond is required to get a contractor license issued.
Every state and situation is different. You might need a state contractor license or a city level contractor license bond.
Click here and fill out this quote form. Make sure you share:
- What state and/or city you're getting licensed in
- What type of contracting your doing (general, plumbing, electrical, etc...)
- The exact bond amount if you know it (typically you're told this by the licensing agency)
A bond specialist will reach out to you and help you get pricing for the bond you need within one business day.
Plus they'll answer any specific questions you have.
Permit or Right of Way Bond
A permit bond is a contractor surety bond you need for a specific job. The project owner may be:
- A private owner
- A city municipality
A right of way bond is a type of permit bond.
Getting a permit bond is exactly the same as a contractor license bond.
Click here and fill out the online quote form.
A bond specialist will help get you pricing so you know exactly what the cost will be.
You're under no obligation to purchase when you get pricing.
Performance Bonds
A performance bond is a little more complicated.
This type of bond is a guarantee that you will complete a project according to the outlined contract.
The process involves:
- Having the project details available
- Outlining a history of bonded projects
- Listing the current active projects if any
- Potentially submitting company and owner financial statements
These requirements depend on the project size.
In most cases, this process starts with a bid bond if you have not secured the winning bid.
Fill out our quote form and share as much as you can about your business and the project.
An experienced performance bond specialist will contact you and help you get through the process.
Can't find what you're looking for? Let us help!
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