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What is an Oregon – Public Works Bond ($30,000)?
The Bureau of Labor and Industries (BOLI) requires any business paying prevailing wage on public works projects over $100,000 to hold a $30,000 Public Works Bond in the State of Oregon. This bond is required exclusively to cover unpaid prevailing rate of wage or overtime wages for workers employed during the course of construction.
Swiftbonds is a company that provides bonds to people in need of them.
We provide bonds for many different purposes, including Oregon – Public Works Bond ($30,000) and more. If you're interested in a bond, we can help!
We want to make sure you get the best service possible when it comes to your bond needs. That's why we offer competitive rates and fast turnaround times on all our services. Give us a call today!
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Why is the Oregon – Public Works Bond ($30,000) required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Find a Oregon Statutory Public Works Bond ($30,000).
How does an Oregon – Public Works Bond ($30,000) work?
Getting a Oregon – Public Works Bond ($30,000) means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Have a Oregon Commercial Contractor License Bond.
How much does a Oregon – Public Works Bond ($30,000) cost?
Oregon – Public Works Bond ($30,000) is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get an Oregon – Public Works Bond ($30,000) with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Need a Oregon Residential Contractor License Bond.
How to get your Oregon – Public Works Bond ($30,000)?
Would you like to know the first step in getting your Oregon – Public Works Bond ($30,000)? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. See a Oregon – Vehicle Dismantler or Rebuilder Bond ($10,000).