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Virginia Contractor License or Permit Bond

Virginia Contractor License or Permit Bond

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Who Requires the Contractor License or Permit Bond and Why Is It Needed?

Builder. Contractor License Bond for licensed contractors to ensure compliance with state or local regulations and statutes.

The State of Virginia requires a $50,000 contractor license bond for Class A and Class B Contractors as an alternative to satisfying the net worth requirement. Virginia Class A contractors are defined as those who work with contract values of $120,000 or more per job or $750,000 or more for the annual period. Class B contractors are defined as those who work with contract values ranging from $10,000 to $119,999 per job or $150,000 or more for the annual period. Class C contractors are not subject to the bond requirement. The bond generally guarantees ethical conduct and payment of any applicable judgments against the contractor up to the required bond amount.

How Much Will My Surety Bond Cost?

Some Virginia Contractor License or Permit Bonds are offered completely online without a credit check or any paperwork. Surety Bonds Direct has access to the lowest bond prices available in the market for applicants with good credit and bad credit.

It only takes a couple minutes to provide us with the information required for a free, no-obligation quote. Or if you prefer, call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

What Does the Bond Protect Against?

The contractor surety bond ensures that the bonded contractor will faithfully observe and fully comply with all state laws governing contractors and the provisions of Chapter 11 (§ 54.1-1100 et seq.) of Title 54.1 of the Code of Virginia, Board regulations. This surety bond is filed with the Virginia Board for Contractors Board per the provisions of §§ 54.1-1106 and 1108 of the Virginia Code to enable the contractor to legally obtain a license pursuant to the provisions of those statutes and § 54.1-1109.

What is Needed to Obtain My License or Registration?

The Virginia Board for Contractors is tasked with licensing businesses engaged in the construction, repair, removal, or other improvements to facilities and structures on property owned by third parties. Contractor licenses in Virginia are divided into two components. The first component is the class of license which is A, B, or C. The Class determines the monetary value of contracts or projects that may be performed. The second component is classification or specialty, which determines what specific type of work permitted under the license.

Following are the basic steps involved in applying for a contractor's license in Virginia.

Complete the Contractor firm license application 

  • Required of Class A, B, and C 
  • Required of business entities and sole proprietors, but not individuals

Furnish or complete Financial Verification Forms

  • Required of Class A and B applicants only
  • Verification of net worth/equity (either a Surety Bond or Financial Statement Form)

Complete the Contractor Experience Verification Form

More on Virginia State Contractor License Classifications.

The Virginia Board for Contractors issues licenses three classes: Class A, Class B and Class C. The type of license applied for is usually based on the value or contract price of the projects the business will be bidding on or engaged in. The state uses the following definitions for each contractor business license class.

  • Class A contractors perform or manage construction, removal, repair, or improvements when (i) the total value referred to in a single contract or project is $120,000 or more, or (ii) the total value of all such construction, removal, repair, or improvements undertaken by such person within any twelve-month period is $750,000 or more.
  • Class B contractors perform or manage construction, removal, repair, or improvements when (i) the total value referred to in a single contract or project is $10,000 or more, but less than $120,000, or (ii) the total value of all such construction, removal, repair, or improvements undertaken by such person within any twelve-month period is $150,000 or more, but less than $750,000.
  • Class C contractors perform or manage construction, removal, repair, or improvements when (i) the total value referred to in a single contract or project is over $1,000 but no more than $10,000, or (ii) the total value of all such construction, removal, repair, or improvements undertaken by such person within any twelve-month period is no more than $150,000.




List of Virginia surety bonds.

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