Virgin Islands Contractor Bond (Contractors License Bond ~ Virgin Islands)

A Virgin Islands contractor license bond is a prerequisite for contracting to perform any for-pay work in the U.S. Virgin Islands. Given its placement in a zone subject to damage by Atlantic tropical storms and its strategic importance to the United States, construction is always in progress on the three islands that compose the VIs. Contractor licensing is regulated by the Department of Licensing and Consumer Affairs (DLCA). A general contractor must be a resident of the U.S. Virgin Islands for at least thirtydays immediately prior to filing an application for licensing. An examination is also given by the DLCA to "promote high standards of professional performance for those persons working in construction field".

The Virgin Islands contractor bond requirement is simple. Pursuant to 27 V.I.C. § 338:

1. Every person licensed under the provisions of this chapter shall execute and deposit with the Commissioner a bond in a sum of not less than $ 100,000 and with such number of U.S. Treasury listed and rated sureties as the Board may determine, to be conditioned upon:
   1. the faithful performance of all work in accordance with applicable building codes and regulations;
   2. the licensee's paying all compensatory awards to consumers in whose favor such awards are rendered by the Board, as well as all fines and penalties properly imposed upon him for violation of the provisions of this chapter and any other applicable law; and
   3. the licensee's indemnifying the Government of the Virgin Islands, or the Board, as being held harmless from the consequences of any and all acts of said licensee during the period covered by such bond.
2. No license issued pursuant to this chapter shall be valid unless a bond is executed and deposited as provided by this section. Pursuant to the powers granted by section 324 of this chapter, the Board may, by rules and regulations, uniformly increase the amount of any bond required by this section.

The contractor surety bond and accompanying application materials are submitted as follows:

Attention: Nathalie Hodge
Administrator, Boards and Commissions
V.I. Board of Architects, Engineers and Land Surveyors
Department of Licensing and Consumer Affairs
Golden Rock Shopping Center, Suite #9
Christiansted, VI 00820-4311

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