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Oregon bonds

Oregon — Commercial General Contractor Level 2 Bond

A CCB Commercial General Contractor Level 2 endorsement uses a $25,000 commercial bond. Level 2 allows the same small and large commercial work as Level 1; it is not a residential limited-contractor classification.

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Recorded state
Oregon
Bond type
Commercial Contractor Bond
Category
Contractors & construction

What this bond does

Meet the Oregon Construction Contractors Board's commercial bond requirement for a General Contractor Level 2 endorsement.

Who needs it
A contractor seeking or maintaining the CGC2 endorsement, including businesses that supervise or arrange several unrelated commercial building trades. Match the actual CCB class rather than assuming a single specialty-trade bond covers general contracting.
Who it protects
The undertaking binds the surety to the State of Oregon for payment of CCB determination orders under ORS Chapter 701 when the principal does not pay the amounts CCB determines are due. It has an aggregate limit and does not itself insure accidents, guarantee completion or pay every disputed invoice.

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 lists $25,000 for Commercial General Contractor Level 2. The chart allows general contractors to supervise, arrange or perform an unlimited number of unrelated building trades on small or large commercial structures. Level 2 is not restricted to a single trade or made residential merely by a project's size.

The Level 2 qualification calls for four combined years of qualifying experience among one or more key employees; CCB's chart explains eligible experience and substitutions. Level 1 has a different experience and bond requirement but the same commercial work scope. Have CCB confirm the endorsement rather than using the bond application to decide your qualification.

Keep the structure and endorsement distinction clear. A residential endorsement can cover residential and small commercial structures. A business that needs both residential and commercial endorsements must carry both bonds; buying CGC2 security does not add a residential endorsement or replace its bond.

The CCB commercial model is exclusively for determination orders. It remains continuous until cancellation or depletion, with aggregate claims limited to its penal sum rather than a new limit each year. Its 30-day written cancellation notice goes to the principal and CCB; obligations for orders arising from the covered work period remain. Separate project payment/performance requirements need their own review.

Purchase Now opens Propeller's Level 2 commercial-general application in a new tab. Have the provider match the exact registered entity, CGC2 endorsement, confirmed sum and existing CCB number if issued. Check both amount entries, the bond agent or attorney-in-fact's original signature and attached power of attorney before paying. New online license applicants upload the company-specific bond and power of attorney with the complete CCB application. The documents must reach CCB within 60 days of the surety's signing date; licensing validity requires filing and completed licensing, not just purchase.

Sources

Have these ready

  1. Identify CGC2 as the actual endorsement and confirm its $25,000 commercial sum.
  2. Match the applicant's registered legal name and any existing CCB number.
  3. Prepare the separate key-employee experience evidence and any residential endorsement/bond documents.
  4. Check the signed commercial form and power of attorney, then submit the complete application within 60 days of the surety's signing.

Questions about this bond

Does Level 2 limit me to small commercial buildings?

CCB says Levels 1 and 2 can perform the same commercial work. Their experience and bond requirements differ; Level 2 is not simply a small-building or residential limited license.

Is this the same as Commercial Specialty Level 2?

No. The current sums may match, but general and specialty endorsements have different trade scopes. Have the provider use the form and classification that fit your CCB application.

Does a $25,000 bond satisfy the experience requirement?

No. CCB separately assesses the four combined qualifying years among key employees and any permitted substitutions. Purchasing security does not establish eligibility.

Can I rely on it instead of a project payment bond?

Not automatically. The CCB commercial undertaking secures determination orders within its terms. An owner's or public contract's payment/performance request must be matched separately.

Should I send the bond ahead of my license application?

CCB instructs new applicants to include the bond and power of attorney with the complete application, including upload for online applications. Keep the surety-signing-date 60-day submission limit in view.

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