South Carolina — General Contractor License Group 1 Bond
Applying for a South Carolina Group 1 general contractor license using a surety bond? The Licensing Board lists $20,000 security for this group. Purchase Now starts the bond application.
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- Recorded state
- South Carolina
- Bond type
- General Contractor Bond
- Category
- Contractors & construction
What this bond does
The Board permits a surety bond instead of the financial statement showing the required net worth for the license group. It is a licensing financial-security route, not a universal purchase requirement for all contractors.
- Who needs it
- The contractor entity using the bond route for an initial or renewal Group 1 general contractor license application.
- Who it protects
- The State of South Carolina is the obligee. The Board describes protection for persons damaged by specified construction-contract breaches or unlawful construction acts or omissions.
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
Have these ready
- The Group 1 license request and required continuous form.
- Legal applicant entity and State obligee wording.
- The $20,000 security requirement and requested effective date.
Questions about this bond
Does Group 1 mean a $20,000 job limit?
No. The Board lists $20,000 as the surety bond requirement. A job limitation is a different figure.
Can this replace a project's bond?
No. The Board says the license bond is additional to other bonds required by law or a contract.
Where do I start?
Purchase Now opens Propeller in a new tab. Confirm the Group 1 form and amount before submission; licensing approval follows separately.