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South Carolina bonds

South Carolina — Mechanical Contractors License Group 4 Bond

Choose the South Carolina Group 4 mechanical contractor bond application when using surety security instead of the required financial statement.

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Recorded state
South Carolina
Bond type
HVAC & Mechanical Contractor Bond
Category
Contractors & construction

What this bond does

The Board's package sets a $60,000 bond for Group 4 mechanical applicants choosing the net worth or working capital alternative.

Who needs it
Group 4 mechanical contractor applicants or renewing licensees choosing the bond financial qualification route.
Who it protects
The State of South Carolina is the obligee. The undertaking benefits parties damaged by the specified breaches of construction-related contracts or unlawful acts or omissions in construction.

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.

Group 4 amount, continuity and filing

Select Group 4 on the Board's mechanical form. The package requires continuous security while the license is held unless a qualifying financial statement is provided. Its thirty-day cancellation notice preserves prior accrued liability. Separate legal or contractual bond requirements remain in place.

Sources

Have these ready

  1. Describe systems installed and the mechanical license requested.
  2. Bring the license or permit request and any required bond form.
  3. Identify the legal business, qualifying person, trade, and project address where applicable.
  4. Have the legal applicant name, named recipient and requested form available.
  5. Have the Group 4 applicant identity and Board form ready to apply. Once issued, check the principal/surety execution and required Power of Attorney before submitting the bond to the Board.

Questions about this bond

Can this replace the required financial statement?

Yes. Group 4 applicants may use the $60,000 bond as the financial qualification alternative described in the Board's mechanical contractor package.

Is this the same as a project performance bond?

Check whether the request concerns your ongoing license, permission for a particular site, or performance of a contract. Bring the trade classification for a license request and the contract or permit for project security. A license bond does not automatically secure completion or payment on every job.

Does this bond grant a mechanical license?

It satisfies the financial security alternative when accepted. The Board still decides the license application and its other requirements.

What happens after I select Purchase Now?

You continue to the provider in a new tab. Review the applicant, form, amount and effective dates before completing your application. Keep the issued document and deliver it using the requesting party’s instructions; payment alone does not grant a license or permit.

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