{"id":1131,"date":"2013-05-18T04:35:31","date_gmt":"2013-05-18T04:35:31","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=1131"},"modified":"2017-01-03T16:20:34","modified_gmt":"2017-01-03T16:20:34","slug":"oregon-contractor-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/oregon-contractor-bond\/","title":{"rendered":"Oregon Contractor Bond"},"content":{"rendered":"<p>Oregon law requires an <strong><a title=\"Surety One\" href=\"https:\/\/suretyone.com\" target=\"_blank\">Oregon contractor bond<\/a><\/strong> from anyone who works for compensation in any construction activity involving improvements to real property. \u00a0The principal mus alsot be licensed with the Oregon Construction Contractors Board (CCB). The regulated business activities include roofing, siding, painting, carpentry, concrete, on-site appliance repair, heating and air conditioning, home inspections, tree service, plumbing, electrical, floor covering, manufactured dwelling installations, land development and most other construction and repair services. Interestingly, the <strong>Oregon contractors bond\u00a0<\/strong>and license are also required of individuals that purchase homes,\u00a0remodel or upgrade them themselves\u00a0and resell them. An applicant for a license must post with the <a title=\"OR Construction Contractors Board\" href=\"http:\/\/www.oregon.gov\/ccb\/Pages\/index.aspx\" target=\"_blank\">Construction Contractors Board<\/a>\u00a0a surety bond with a corporate surety authorized to do business in Oregon and in an amount set forth in ORS 701.081 or 701.084. If the contractor is going to hold endorsements as both a residential contractor and a commercial contractor, then the contractor must post an <strong>Oregon contractor bond\u00a0<\/strong>for each endorsement. \u00a0The surety bond for a residential contractor must guarantee that the contractor will pay amounts ordered paid by the board under <a title=\"OR contractor license laws\" href=\"http:\/\/ccbed.ccb.state.or.us\/WEBpdf\/ccb\/statutes\/ORS%20701.pdf\" target=\"_blank\">ORS 701.145<\/a>. The surety bond for a commercial contractor must guarantee that the contractor will pay amounts ordered paid by the Board under ORS 701.146. <strong>Oregon contractors bond<\/strong> obligations filed under the licensing statute must remain in effect for at least one year or until depleted by payments under ORS 701.150, 701.153 and 701.157, unless surety notices the Board of the bond&#8217;s cancellation. \u00a0The bond may be continued for an additional period by the surety&#8217;s continuation certificate. Except as provided in subsection (4) of <a title=\"OR contractor lic laws\" href=\"http:\/\/ccbed.ccb.state.or.us\/WEBpdf\/ccb\/statutes\/ORS%20701.pdf\" target=\"_blank\">ORS 701.068<\/a>, the aggregate liability of the surety under the surety bond for complaints against the contractor may not exceed the penal sum of the <strong><a title=\"Surety One commercial surety page\" href=\"https:\/\/suretyone.com\/commercial-surety-bonds\" target=\"_blank\">Oregon contractor bond<\/a>\u00a0<\/strong>no matter how many years that it is in force. The bond required under Section 701 is for the exclusive purpose of payment of final orders and arbitration awards of the board in accordance with the law. \u00a0For surety underwriters it is important to understand that failure of surety to immediately pay a final order will likely result in assessment of costs, attorney fees to the prevailing party as part of the costs, and twice the amount of any damages that the Board ordered the surety to pay on the complaint, if the surety arbitrarily and capriciously refused to pay a final order.\u00a0<strong>Oregon surety leader<\/strong>,\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">Surety One, Inc.<\/a>\u00a0focuses on supporting the bonding needs of the construction and commercial contracting industries. \u00a0We offer this class of\u00a0<em>surety bond\u00a0<\/em>to all applicants in every state where contractors must be bonded. Visit\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">SuretyOne.com<\/a>, call\u00a0<span style=\"color: #ff0000;\">(787) 333-0222<\/span>\u00a0or\u00a0<span style=\"color: #ff0000;\">(800) 373-2804<\/span>, or email\u00a0<span style=\"color: #ff0000;\">Underwriting@SuretyOne.com<\/span>\u00a0for an\u00a0<strong>Oregon contractor bond<\/strong>\u00a0application or information about any surety need.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oregon law requires an Oregon contractor bond from anyone who works for compensation in any construction activity involving improvements to real property. \u00a0The principal mus alsot be licensed with the Oregon Construction Contractors Board (CCB). The regulated business activities include&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/oregon-contractor-bond\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[168],"tags":[187,1397,1396,1398],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oregon Contractor Bond &bull; Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/oregon-contractor-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oregon Contractor Bond &bull; Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"Oregon law requires an Oregon contractor bond from anyone who works for compensation in any construction activity involving improvements to real property. \u00a0The principal mus alsot be licensed with the Oregon Construction Contractors Board (CCB). The regulated business activities include... Continue Reading &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/oregon-contractor-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety One, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Surety1\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Surety1\" \/>\n<meta property=\"article:published_time\" content=\"2013-05-18T04:35:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-01-03T16:20:34+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:site\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"C. 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