NC Statement of Bonding Ability

NC Surety Bond Requirements

Contractors in North Carolina must obtain a surety bond to be licensed. The bond amount required depends on the contractor's classification. Intermediate contractors need a $50,000 bond, while unlimited contractors require a $130,000 bond.

The cost of these bonds is $260 per year. Contractors must ensure they meet the bond requirements to operate legally in North Carolina.

Obtaining a North Carolina Surety Bond

To obtain a North Carolina surety bond, contractors must work with a licensed surety provider. The bond must be issued in the business name, which in this case is "Single Source Surety."

Contractors should work closely with their surety provider to ensure they meet all the necessary requirements and obtain the appropriate bond for their classification.