North Carolina — Electrical Contractor Bond Ability (Intermediate - )
Apply for the North Carolina intermediate electrical contractor bonding ability statement through Propeller. It documents your firm's ability to obtain performance bonds above the limited-license project threshold; it is not a performance bond for a particular job.
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- Recorded state
- North Carolina
- Category
- Contractors & construction
What this bond does
G.S. 87-43.2(a)(4) calls for financial-capacity evidence with an initial intermediate license application. This statement verifies ability to furnish performance bonds for projects above the limited-license project value limit.
- Who needs it
- Firms making an initial application for a North Carolina intermediate electrical contractor license and using a bonding ability statement as financial-capacity evidence.
- Who it protects
- The statement is evidence for the licensing Board. It does not secure payment or performance on a customer's project, and it does not by itself establish eligibility for a license.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- NC General Statutes Chapter 87, Article 4 (opens in a new tab)Checked October 23, 2026
Have these ready
- Verify the exact legal name of your business as registered with the Board for the license application.
- Review your current project value requirements to ensure they align with the intermediate license classification.
- Use Purchase Now to start the provider application for the intermediate statement. The statute calls for a bonding company licensed in North Carolina.
- If using alternative financial information instead, follow the Board's evaluation and specific-approval process.
Questions about this bond
Is this document a performance bond for my project?
No. This is an ability statement used for license qualification purposes only; it does not replace the specific performance bonds you may need to secure for individual construction projects.
Can I use my personal name if I am a sole proprietor?
Yes, provided you also supply information to the Board verifying your status as the sole proprietor of the firm.
What happens if I do not provide this statement?
You may alternatively submit other financial information that demonstrates your ability to engage in projects for the classification you are seeking, subject to the Board's approval.
Does this document guarantee I will be issued a license?
No. The statement supplies financial-capacity evidence. Qualified-individual and other licensing conditions remain subject to the Board's review; alternative financial information requires its specific approval.