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| Oregon Residential Specialty Contractor ($15,000) Bond |  |
| Oregon Residential Specialty Contractor ($20,000) Bond | |
Introduction
An Oregon Residential Specialty Contractor is a licensed professional or business entity authorized by the Oregon Construction Contractors Board (CCB) to perform specific trades or services related to residential construction, remodeling, and repair. Unlike general contractors who oversee entire construction projects, specialty contractors focus on one or more specialized areas, such as roofing, painting, flooring, drywall, electrical, plumbing, or landscaping.
To operate legally in Oregon, residential specialty contractors must hold an active CCB license, provide proof of insurance, and obtain a surety bond as required under ORS Chapter 701. These regulatory requirements are intended for homeowners to keep from harm and ensure high standards of quality and compliance within the residential construction industry.
The Oregon Residential Specialty Contractor Bond
The Oregon Residential Specialty Contractor Bond is a type of surety bond required by the Oregon Construction Contractors Board (CCB) for contractors licensed under the Residential Specialty Contractor classification. This bond serves as a financial guarantee that the contractor will comply with all applicable Oregon laws and regulations governing residential construction work.
Purpose Of The Bond
This bond is designed to:
- Protect Consumers
It gives financial recourse to homeowners and clients who suffer damages due to the contractor’s negligent, improper, or unlawful conduct. - Ensure Legal Compliance
It guarantees that the contractor will follow the rules outlined in ORS Chapter 701, which governs contractor licensing and performance in Oregon. - Promote Professional Accountability
It reinforces the contractor’s commitment to ethical business practices and professional standards.
Who Needs This Bond?
Any individual or business applying for or renewing a license as a Residential Specialty Contractor in Oregon must obtain this bond. Examples of specialty work under this classification include:
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Roofing
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Painting
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Siding
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Masonry
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Drywall
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Excavation
Contractors who do not manage full-scale construction projects but perform specific trades or services typically fall into this category.
Bond Amount
As of current Oregon CCB guidelines, the required bond amount for a Residential Specialty Contractor is typically $15,000 or $20,000, although it may change based on the contractor’s endorsement or license history.
Parties To The Bond
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Principal: The Residential Specialty Contractor (you or your business)
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Obligee: Oregon Construction Contractors Board (CCB)
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Surety: The company that issues the bond and guarantees compliance
When is a Claim Filed Against the Bond?
A claim may be filed when:
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A contractor performs defective or incomplete work
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The contractor violates the terms of a construction contract
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The contractor breaches state regulations or codes
If a valid claim is made, the surety compensates the harmed party, and the contractor must reimburse the surety for the amount paid out.
To Obtain The Bond Through Swiftbonds
If you are applying for or renewing your license as a Residential Specialty Contractor in Oregon, state law requires you to secure a surety bond through an approved provider. One reliable and efficient way to meet this requirement is by obtaining your bond through Swiftbonds, a national surety bond agency that specializes in contractor bonding.
Steps to Obtain Your Bond through Swiftbonds
1. Determine Your Required Bond Amount
The Oregon Construction Contractors Board (CCB) mandates a $15,000 or $20,000 surety bond for most Residential Specialty Contractors. The bond amount may vary slightly depending on license endorsements or history.
2. Apply Online at Swiftbonds.com
In www.swiftbonds.com and search for “Oregon Residential Specialty Contractor Bond.” The application process is fast and user-friendly. You will be asked to provide:
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Basic personal or business information
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Your CCB license classification
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Financial or credit-related information (for rate calculation)
3. Receive and Review Your Bond Quote
Once your application is reviewed, Swiftbonds will provide a free quote. Your premium (the amount you pay for the bond) is typically:
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1% to 5% of the total bond amount annually
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For example: A $15,000 bond could cost as low as $150–$375/year depending on your credit and business standing
4. Purchase the Bond
After accepting the quote:
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Pay your bond premium securely online
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Swiftbonds will issue the bond and mail the original signed document to you
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You must then submit the bond to the Oregon Construction Contractors Board as part of your license application or renewal package
Why Contractors Choose Swiftbonds
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Fast, online approval process
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Competitive rates based on your credit profile
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Specialized experience with Oregon contractor bond requirements
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Responsive customer service for ongoing compliance needs
Conclusion
This bond not only protects consumers from damages caused by improper or incomplete work, but also reinforces public trust in licensed contractors. For professionals offering specialized residential services—such as roofing, siding, plumbing, or painting—the bond is a key part of maintaining licensing compliance and demonstrating financial responsibility.
Obtaining and maintaining this bond is essential for contractors seeking to build credibility, protect their business, and operate lawfully in Oregon. Partnering with a reputable surety provider, such as Swiftbonds, can simplify the bonding process and help ensure you remain in good standing with the CCB.
Frequently Asked Questions (FAQs)
Here are common questions and answers to help you better understand the role, requirements, and responsibilities of an Oregon Residential Specialty Contractor:
Is the Residential Specialty Contractor Bond refundable?
No. The bond premium you pay is non-refundable, as it covers the surety’s risk and administrative costs for issuing the bond.
What happens if my bond is canceled or expires?
If your bond is canceled or lapses, the Oregon Construction Contractors Board (CCB) may suspend or revoke your license. You must maintain an active bond to stay in good standing and continue legally operating.
Can multiple contractors share one bond?
No. Each licensed business entity must have its own individual bond. Bonds are specific to the licensed contractor named in the CCB license.
Will poor credit affect my bond approval?
Yes. Your personal or business credit history may affect the bond premium you are quoted. Applicants with lower credit scores may still be approved but at a higher rate.
What is a bond claim and how does it work?
A bond claim is filed by a client or the state if you violate Oregon construction laws, perform negligent work, or fail to fulfill a contract. If the claim is validated, the surety pays damages and you are required to repay the surety.