An electrical contractor license applicant will need a North Carolina letter of bondability in order to receive a license to operate in the state. Licensing is required of anyone that engages in the business of installing, maintaining, altering or repairing any electric work, wiring, devices, appliances or equipment. In addition to the basic application for a license to provide these services, the applicant must also furnish a North Carolina letter of bondability (also known as a “statement of bonding ability”) completed by a corporate surety that is licensed to do business in North Carolina. The statement must verify the applicant’s ability to furnish performance bonds for electrical contracting projects. There are three levels of licensing but only two levels of certificates of bondability. Limited licensess need statement of bonding ability however but are limited to jobs of up to $40,000. If the applicant requests an intermediate level license then he or she must provide a North Carolina letter of bondability evidencing a surety certification in excess of $40,000. What this means is that the intermediate licensee can engage in a single electrical contracting project of a value not in excess of one hudred ten thousand dollars ($110,000) and on which the equipment or installation in the contract is rated at not more than 600 volts. If the applicant requests an unlimited level license then he or she must provide a North Carolina letter of bondability evidencing a surety certification in excess of $110,000. What this means is that the electrical contractor will be permitted to engage in any electrical contracting project regardless of value; and such other special restricted classifications as the Board may establish from time to time. For the Board’s purposes, North Carolina statement of bonding ability and “letter of bondability” are synonymous. National surety leader, Surety One, Inc. focuses on supporting the bonding needs of the commercial, heavy industrial and construction contracting industries. We offer this type of surety instrument to all applicants in every state required. Visit SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for an North Carolina letter of bondability application or information about statement of bondability requirements.
Further information about licensing, including the experience, examination and miscellaneous requirements may be found on the website of the North Carolina State Board of Examiners of Electrical Contractors here.
