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South Carolina Mechanical Contractor Bond Group...

South Carolina Mechanical Contractor Bond Group 2 ($20,000)
South Carolina Mechanical Contractor Bond Group 2 ($20,000)
Mechanical Contractor Bond
Contractor License Bonds
Price: $200
South Carolina Surety Bond

Mechanical Contractor Bond

Bond Details

State: South Carolina
Category: Mechanical Contractor...
Obligee: South Carolina Contra...
Amount: $20,000
Duration: Stated on Bond
Expiration: 31-Oct

Cost: $200

South Carolina Surety Bond
Mechanical Contractor Bond
Cost:
$200
State:
South Carolina
Category:
Contractor License Bonds
Obligee:
South Carolina Contractors Licensing Board
Amount:
$20,000
Duration:
Stated on Bond
Expiration:
31-Oct
SORPid: A-235
Surety Bond Insurance
Mechanical Contractor Bond
South Carolina Mechanical Contractor Bond Group 2 ($20,000)

South Carolina Mechanical Contractor Bond Group 2  ($20,000) Effective May 2018, the Contractor Licensing Board will accept a South Carolina Mechanical Contractor surety bond instead of qualification by the previous minimum net worth standards.

Mechanical Contractor Bond

Per the Board, "Beginning with this (2018-2018) license renewal cycle, the Board can now accept a surety bond instead of a financial statement for both renewals and initial applications. An applicant may provide a surety bond of two (2) times the net worth requirement for the Group Level for which they apply. The license Groups are as follows:

Group 1 Mechanical Contractor Bond: $7,000
Group 2 Mechanical Contractor Bond: $20,000
Group 3 Mechanical Contractor Bond: $40,000
Group 4 Mechanical Contractor Bond: $80,000
Group 5 Mechanical Contractor Bond: $400,000

The terms of the obligation are statutory. The South Carolina Mechanical Contractor license bond must conform to the requirements as outlined in Section 40-11-262, "(1) be continuous in form and must be maintained in effect for as long as the applicant maintains the license issued by the department or until the applicant submits a financial statement showing that he meets the net worth requirements for his license group; (2) name the State of South Carolina as obligee; (3) issued to the benefit of any person who is damaged by an act or omission of the applicant constituting a breach of a construction contract or a contract for the furnishing of labor, materials, or professional services for construction undertaken by the applicant, or by any unlawful act or omission of the applicant in performing construction; and (4) be in addition to, and not instead of, any other surety bond required of the applicant by law or regulation (local or state). The South Carolina mechanical Contractor license bond may be canceled by notification to the Board by the surety and the applicant thirty days before the effective date of the cancellation." All surety bonds and application materials must be submitted to South Carolina General Contractor Licensing Board Synergy Business Park; Kingstree Building 110 Centerview Dr. Columbia, S.C. 29210

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How do I get a South Carolina Mechanical Contractor Bond Group 2 ($20,000)?

The application process for a South Carolina Mechanical Contractor Bond Group 2 ($20,000) is quick and easy, usually only taking about five minutes from start to bond download (most instant issue bonds). Simply click the "Buy Now" button below, complete the few questions for the bond application, pay, then print your Bond delivered via PDF in color. By posting a surety bond, principals pledge to comply with the conditions of any written contract or applicable law.
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