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Oregon bonds

Oregon — Commercial Developer Bond

Commercial Developer is its own Oregon CCB endorsement, not a general contractor level. It covers arranging improvements to small or large commercial property for sale while licensed general contractors oversee the work and the developer performs no construction.

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Recorded state
Oregon
Bond type
Construction / Developer / Installation Bond
Category
Contractors & construction

What this bond does

Supply the $25,000 CCB commercial surety bond for the Commercial Developer endorsement.

Who needs it
A licensee with an ownership interest in commercial property it develops or improves for sale, working in association with licensed general contractors. Confirm another endorsement if you intend to perform construction yourself.
Who it protects
The commercial model runs to the State of Oregon and exclusively ensures payment of CCB determination orders under Chapter 701. It responds to the principal's failure to pay the amounts CCB determines, rather than guaranteeing completion of every commercial building or payment of all project debts.

Your bond option

This is the option on record for this bond.

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.

Details

CCB distinguishes Commercial Developer from Commercial General Contractor Levels 1 and 2. The developer must own the property or an interest in it, arrange construction or improvement of small or large commercial property with intent to sell, use licensed general contractors with sole construction-oversight responsibility, and perform no construction work itself. Do not choose a general-contractor bond amount solely because the development is large.

CCB's current requirement is a $25,000 commercial bond for this endorsement. A residential endorsement requires its own residential bond; one commercial bond does not replace both. The commercial model is a continuing obligation with an aggregate limit and depletion/cancellation terms. Its 30-day written cancellation provision preserves responsibility for determination orders relating to the defined work period.

Purchase Now opens Propeller's Oregon Commercial Developer application in a new tab. Confirm the CD endorsement, commercial form, exact legal entity, CCB number if issued, amount in both places, original surety-agent signature and attached power of attorney before paying. A new applicant submits the bond and power of attorney with the license application; CCB's current online process requires both uploads. They must reach CCB within 60 days of the surety's signing date. Retain acceptance; buying this bond does not issue the commercial license.

Sources

Have these ready

  1. Confirm Commercial Developer rather than a general/specialty contractor classification or residential-only development.
  2. Have the property's ownership-interest and intended-sale role clear, with licensed general contractors responsible for construction oversight.
  3. Match the full legal entity, CD endorsement, commercial form, $25,000 sum in both places and CCB number if already issued.
  4. Keep the signed bond and power of attorney together for submission with the license application within the stated signing-date deadline.

Questions about this bond

Should I choose the Commercial General Contractor Level 1 amount?

CCB lists Commercial Developer separately with its own $25,000 commercial bond requirement. The size of a development does not turn a nonbuilding developer into a general contractor classification.

Does Commercial Developer authorize hands-on construction?

The classification says the developer does not perform construction. It arranges the work on property in which it has an interest, for sale, in association with licensed general contractors who oversee construction.

Will this replace the residential bond for a dual endorsement?

CCB requires separate commercial and residential bonds for the corresponding endorsements. The commercial model is not a combined substitute.

Can I send the bond after submitting the new-license application?

CCB directs new applicants to submit the bond and power of attorney with the application, including both uploads in the online process. Its checklist requires receipt within 60 days of the surety's signing date; separate submission can delay licensing.

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