South Carolina — Mechanical Contractors License Group 2 Bond
Use the $15,000 South Carolina Group 2 mechanical contractor bond when you choose the surety alternative to the required financial statement for an initial or renewal application.
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- Recorded state
- South Carolina
- Bond type
- HVAC / Mechanical / Gas Contractor Bond
- Category
- Contractors & construction
What this bond does
This bond protects persons who sustain damages due to a mechanical contractor's breach of contract or unlawful acts in the performance of construction services. It ensures the Principal fulfills contractual obligations regarding labor, materials, and professional services while operating under their license.
- Who needs it
- Mechanical contractors applying for or renewing a Group 2 license in South Carolina who choose to satisfy financial requirements via surety bond rather than submitting net worth documentation.
- Who it protects
- The State of South Carolina is the obligee. The bond provides financial recourse for any person or business damaged by a breach of a construction contract or unlawful acts committed by the Principal during the license term.
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
- Verify Group 2 on your license application or renewal before selecting this $15,000 undertaking.
- Obtain the Board's mechanical contractor bond form and prepare the legal business and license details.
- Begin with Purchase Now, which opens Propeller's application in a new tab; provider review and issuance are separate from Board approval.
- After issuance, confirm the required execution and attached Power of Attorney before filing the bond with the Board.
Questions about this bond
What is the bond amount for a Group 2 Mechanical Contractor?
The required bond amount for a Group 2 Mechanical Contractor is $15,000.
Does this bond replace my financial statement requirement?
Yes, this bond may be provided in lieu of a financial statement showing net worth or working capital as required under Section 40-11-260.
How long is the license term covered by this bond?
Each license term covers a twenty-four-month period, beginning on November 1 and ending on October 31.
Who is protected by this surety bond?
The bond protects the State of South Carolina and any person or business damaged by the Principal's breach of construction contract or unlawful acts during construction.