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How Much Does a Colorado Contractor License Bond Cost?
Colorado doesn’t have a statewide contractor license bond requirement, but cities or counties within the state might have their own bonding requirements, meaning the cost of getting bonded depends on where you work. For example, in Denver, general contractors need a $50,000 bond. However, in the city of Arvada, the bond amount is only $20,000.
That doesn’t mean you have to pay that much money, though. Typically, bond premiums cost around 1% to 3% of the bond, depending on factors like your credit score and business assets. The better these look to the surety company, the more money you can save on your bond premium, so for a $50,000 bond you might only have to pay $500.
Here is a table illustrating how the cost of a Contractor license bond can vary, using Denver and Arvada as examples.
|
Surety Bond Cost Based on Credit Score |
||||
|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
City of Denver General Contractor Bond |
$50,000 |
$500 - $1500 |
$1500 - $2500 |
$2500 - $5000 |
|
City of Arvada Municipal Contractor Bond |
$20,000 |
$200 - $600 |
$600 - $1000 |
$1000 - $2000 |
How to Get a Contractor License Bond in Colorado
1. Determine the Bond You Need
When seeking a contractor license bond in Colorado, the first crucial step is to determine the specific type of surety bond required for your particular license. Since Colorado doesn’t have a statewide requirement for contractors, different counties and municipalities may have varying bond requirements.
If you're new to this process, you may have questions about this stage. Feel free to contact us if you need clarification.
2. Apply for Your Bond
Start by filling out our online application form to begin the bonding process. We'll walk you through each step to make sure everything goes smoothly and without any hassle.
We recently assisted a contractor in the city of Denver, Colorado, with obtaining their contractor license bond. Despite his extensive experience in the industry, he found the bonding process daunting and was concerned about its impact on their business. Understanding his commitment to high-quality work, we guided him through each step of the bond application process, ensuring he met the city of Denver's specific licensing requirements. This support enabled him to launch his business seamlessly and build a reputation as a reliable contractor.
3. Get a Quote
Typically, bond quotes are quick to process, especially if you have a good credit score, or if we’ve provided bonds for you already. However, in some instances, it may take 24 to 48 hours to receive a quote. No matter the situation, our goal is to provide you with the best rate possible.
4. Pay Your Bond Premium
Paying the premium is the final step to getting your bond. From there, you can submit proof to whichever city or county needs it. Often, these bonds are valid for one year, but some cities or counties may set different timeframes.
Apply for a free no-obligations quote on your contractor license bond!
Contractor License Bond Requirements in Colorado
As a contractor, you may get hired to perform different jobs within the same city or county. Sometimes, a single bond is sufficient for multiple types of work. However, in other cases, you might have to get multiple bonds for the same city.
For example, Denver requires separate bonds for cement sidewalk work, paving, structural contractor work, and sewer work. Even if you’re licensed and bonded as a general contractor in Denver, you may have to get additional bonds to do specific or specialty jobs. So, it’s imperative to consult the city before starting any work to avoid any fines or legal troubles.
Here’s a comprehensive list of the all the different contractor license bond requirements in Ohio.
|
Surety Bond |
Bond Amount |
Premium |
|
Board of Examiners Water Well Construction and Pump Installation Contractor Bond |
$20,000 |
From $200 |
|
$20,000 |
From $200 |
|
|
$5,000 - $15,000 |
From $100 |
|
|
$20,000 |
From $200 |
|
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
City and County of Denver Cement Sidewalk Contractor Bond |
$10,000 |
From $100 |
|
City and County of Denver General Contractor Bond |
$50,000 |
From $500 |
|
$50,000 |
From $500 |
|
|
$10,000 |
From $100 |
|
|
$25,000 |
From $250 |
|
|
$50,000 |
From $500 |
|
|
City and County of Denver Excavation Contractor License Bond |
$50,000 |
From $500 |
|
$1,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$20,000 |
From $200 |
|
|
City of Fort Lupton Contractor Bond |
$1,000-$10,000 |
From $100 |
|
$5,000 |
From $100 |
|
|
$25,000 |
From $250 |
|
|
$10,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$5,000-$10,000 |
From $500 |
|
|
City of Westminster Landscaping & Private Improvements Performance Bond |
$1,000-$500,000 |
From $100 |
|
$10,000 |
From $100 |
|
|
$2,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$20,000 |
From $200 |
|
|
$2,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
Green Mountain Water & Sanitation Plumbing Contractor Bond |
$25,000 |
From $250 |
|
North Washington Street Water and Sanitation District Contractor Bond |
$5,000 |
From $100 |
|
Northwest Lakewood Sanitation District Contractor Bond |
$10,000 |
From $100 |
|
Platte Canyon Water and Sanitation District Drain Layer or Plumbing Contractor Bond |
$10,000 |
From $100 |
|
South Adams County Water & Sanitation District Contractor Bond |
$5,000 |
From $100 |
|
Southwest Metropolitan Water and Sanitation District Plumbing or Drain Layer Contractor Bond |
$10,000 |
From $100 |
|
Westridge Sanitation District Contractor Bond |
$1,000 |
From $100 |
|
$1,000-$150,000 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
Cherry Creek Valley Water and Sanitation District Construction License and Maintenance Bond |
$1,000-$100,000 |
From $100 |
|
$2,500 |
From $100 |
|
|
City of Durango Contractor Bond |
$5,000 |
From $100 |
|
$15,000-$500,000 |
From $150 |
|
|
City of Lafayette Payment Bond |
$1,000-$100,000 |
From $100 |
|
City of Wheat Ridge Sanitation Warranty and Maintenance Bond |
$1,000-$100,000 |
From $100 |
|
St. Vrain Sanitation District Maintenance Bond |
$5,000-$25,000 |
From $500 |
|
Westridge Sanitation District Warrant and Maintenance Bond |
$1,000-$100,000 |
From $100 |
|
County of Pueblo License and Permit Bond |
$10,000 |
From $100 |
|
Applewood Sanitation District Drain Layer's License Bond |
$20,000 |
From $200 |
|
Bancroft-Clover Water & Sanitation District Permit Bond |
$1,000-$10,000 |
From $100 |
|
Crestview Water & Sanitation District License Bond |
$10,000 |
From $100 |
|
$10,000 |
From $100 |
How to Get Your Colorado Contractor License
Every city or county has its own way of application for a contractor license. You can learn more about how to get a Colorado contractor license from us or visit the website of the city in which you’ll be doing contractor work. For example, Denver has its own requirements:
Before applying to the contractor license application you’ll need to complete the supervisor certificate application and submit the following:
- Proof of education and experience
- A list of all previous licenses held, if applicable
- Notarized letters of experience with project dates, addresses, and supervisor signatures
- An Affidavit of Lawful Presence along with a copy of your personal identification
- Proof of a passing score for the relevant ICC exam
- Payment for applicable fees
Only then you’ll be able to complete the contractor license application and submit the following:
- A Supervisor Statement of Responsibility
- Required Secretary of State documents
- Payment for applicable fees
You can create a login for the contractor portal to apply online for your contractor’s license, submit additional documentation, and pay fees. Alternatively, you can mail documents to the Community Planning and Development Department, Attn: Contractor Licensing, at:
201 W. Colfax Ave.
Denver, CO 80202
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Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
