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Illinois bonds

University Park, IL — Contractor License Bond

University Park's linked application lists a minimum $10,000 bond for general contractors and $5,000 for subcontractors. Its webpage instead gives a general $5,000 instruction. Confirm the actual request for your role before applying.

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Recorded state
Illinois
Bond type
Contractor License / Registration Bond
Category
Contractors & construction

What this bond does

Prepare the bond requested for the applicant's actual University Park general or subcontractor licensing role.

Who needs it
Contractors checking the Village's role-specific requirement before purchasing a surety document.
Who it protects
The Village is the named recipient in its webpage instruction. The accepted form defines the licensing protection; neither an insurance certificate nor a general-contractor title establishes that the smaller sum fits the request.

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.

Resolve the general-contractor sum before using $5,000

The department page links a General and Sub-Contractor License Application. That document separately lists a $10,000 minimum for General and $5,000 minimum for Sub-Contractor. Its company and owner fields are also separate.

Because the webpage gives $5,000 without the same role distinction, use a confirmed current request for the actual license role rather than choosing the smaller sum by default. A contractor-bond label alone does not resolve that difference.

Keep issuance separate from the Village license

Purchase Now opens Propeller in a new tab. Before applying, have the confirmed sum, business, role, accepted form, named Village and period ready. After issuance, verify the document and complete its required execution.

The application requires applicable documents before the license is issued and separately addresses insurance and trade credentials. Provide the accepted Village package; the provider application is not a license or project permit.

Sources

Have these ready

  1. Identify General versus Sub-Contractor licensing.
  2. Confirm the current requested sum given the published difference.
  3. Prepare the legal business, accepted form, Village naming and dates.
  4. After issuance, check and execute the document, then complete Village licensing.

Questions about this bond

Can every applicant rely on the webpage's $5,000 statement?

The linked application instead gives General a $10,000 minimum and Sub-Contractor $5,000. Confirm the actual role-specific request before applying.

Does the owner's name replace the business name?

The application collects those separately. Match the bond to the legal principal specified in the accepted licensing request.

When does the provider application become a Village license?

It does not. The Village requires the completed application and applicable documents before license issuance.

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