South Carolina — General Contractor License Group 2 Bond
For South Carolina's Group 2 general contractor license bond route, the Board lists $60,000 in security. Select Purchase Now to begin the provider application for this group.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- South Carolina
- Bond type
- General Contractor Bond
- Category
- Contractors & construction
What this bond does
The Licensing Board allows a surety bond instead of a financial statement showing the required net worth for a Group 2 initial or renewal application.
- Who needs it
- The legal business seeking or renewing a Group 2 general contractor license through the surety bond alternative.
- Who it protects
- The State of South Carolina is obligee. The stated beneficiaries are persons damaged by specified construction-contract breaches or unlawful acts or omissions in construction.
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 2 licensing request and required continuous form.
- Legal applicant name and State recipient wording.
- The $60,000 security requirement and requested effective date.
Questions about this bond
Does every Group 2 applicant need this bond?
The Board describes a bond alternative to the financial statement showing required net worth.
Is the $60,000 figure a job limit?
No. It is the Group 2 general contractor surety bond requirement in the Board's schedule.
What opens when I apply?
Purchase Now opens Propeller in another tab. Check the Group 2 instrument and amount there; applying does not issue the license.