Pursuant to Alaska statute AS 08.18.011 constructions contractors must provide either a $10,000 Alaska general contractor bond, a $5,000 specialty contractor bond, or a $5,000 mechanical contractor bond to the Alaska Department of Commerce. The contractors obligation is to pay all taxes and contributions due the state and political subdivisions of the state, pay all person furnishing labor or materials or renting or supplying equipment to the principal, and pay all amounts that may be adjudged against him or her by reason of negligent or improper work or breach of contract in the conduct of the contracting business or by reason of damage to public facilities occurring in the course of a construction project The construction contractor bond also guarantees payment of all amounts necessary to satisfy settlements of valid liens and judgments which result from lien foreclosure suits. Surety One, Inc., national surety leader is a preferred provider of contractor license bonds in all states. We offer them to experienced and legitimate applicants regardless of credit condition. For Alaska contractor bond applications or general surety bond information visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com.
