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Surety Bond Details
Cost: $4,500
General Contractor Bond | ||
|---|---|---|
Category: | Contractor License Bonds | |
Obligee: | South Carolina Contractors Licensing Board | |
Amount: | $500,000 | |
Duration: | Stated on Bond | |
Expiration: | 31-Oct | |
In lieu of providing a financial statement showing a minimum net worth for a license group as required by Section 40-11-260, an applicant may provide a surety bond from a surety authorized to transact surety business in this State in an amount of two times the required net worth for the applicant's license group with his initial or renewal application. The required bond amounts are in parenthesis:
Group 1 General Contractor ($20,000)
Group 2 General Contractor ($60,000)
Group 3 General Contractor ($150,000)
Group 4 General Contractor ($250,000)
Group 5 General Contractor ($350,000)
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75 Port City Landing
Ste 103
Mt. Pleasant SC 29464
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