South Carolina — General Contractor License Group 3 Bond
South Carolina's Licensing Board lists $150,000 as the Group 3 general contractor surety bond requirement. Use Purchase Now to apply when you are taking the bond route for that license group.
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- Recorded state
- South Carolina
- Bond type
- General Contractor Bond
- Category
- Contractors & construction
What this bond does
The bond can be submitted instead of a financial statement showing the group's required net worth for an initial or renewal application.
- Who needs it
- The business applying or renewing as a Group 3 general contractor using the Board's surety bond alternative.
- Who it protects
- The State is the named obligee, with protection described for 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 3 licensing request and required continuous form.
- Legal business name and State obligee wording.
- The $150,000 security requirement and requested effective date.
Questions about this bond
Must every Group 3 applicant buy a bond?
The Board presents it as an alternative to the financial statement showing required net worth.
Is this enough for project performance security?
The Board says this license bond is additional to other legally or contractually required bonds.
How do I begin the application?
Purchase Now opens Propeller in a new tab. Check the Group 3 form and $150,000 security before submitting.