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How Much Does a North Dakota Contractor License Bond Cost?
The cost of a North Dakota contractor bond ranges from $100 to $1,500. The cost is based on the type of bond needed. Required bonds at the state level range from $2,000 to $15,000. Additional city-level bond requirements may apply.
We are an authorized surety company in North Dakota that has been proudly serving our customers’ needs for over a decade. When you purchase your contractor bond from us, you will pay a reasonable premium rate of 1% to 10% instead of the bond’s full sum.
Several factors impact the specific premium rate that you qualify for. These are your credit scores, your professional credentials, and your financial strength. Over 99% of applicants qualify for the bond they need to do business in North Dakota.
Applicants with at least a 700 credit score will receive a rate of 1% to 3%. Those with a 600 to 699 credit score qualify for a rate of 3% to 5%. Applications with a score of 599 or lower will receive a 5% to 10% rate.
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Surety Bond Cost Based on Credit Score |
||||
|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
North Dakota Pump and Pitless Unit Installers Bond |
$2,000 |
$100 |
$100 |
$100 - $200 |
|
North Dakota Water Wells Contractor Bond |
$15,000 |
$150 - $450 |
$450 - $750 |
$750 - $1500 |
|
North Dakota Geothermal Contractor Bond |
$2,000 |
$100 |
$100 |
$100 - $200 |
|
North Dakota Monitoring Wells Contractor Bond |
$2,000 |
$100 |
$100 |
$100 - $200 |
How to Get a North Dakota Contractor License Bond
1. Determine the Surety Bond You Need
Numerous surety bond requirements are enforced for contractors by the state and various municipalities. Before applying for your surety bond, research the requirements that apply to your trade and location. Resources are listed below for your convenience.
Victor was eager to work as a contractor in Grand Forks, and he recently contacted us for the required bond. He used our efficient bond process to apply online and get an instant quote. Not long after paying the premium online, Victor received his new bond in his inbox.
2. Apply for Your Contractor Bond
We are pleased to provide our customers with a quick, hassle-free bond process. To learn about your premium rate, complete the online application. If you need clarification or have questions while filling out the application, our bond experts are available to assist you.
3. Review Your Bond Quote
Once you submit the application online, you will receive a free, instant quote from us. In select cases, an application is more challenging and requires greater review by our team. In such situations, a quote is delivered within 48 hours.
4. Buy Your Bond
The last step necessary to set up your North Dakota contractor bond is to pay the premium. We accept online payments for your convenience. Upon receiving your payment, we will quickly prepare the bond and email it to you. A mailed copy is also available, if requested.
For assistance with your bond purchase, please contact us or call us at (877) 514-5146.
Apply for a free no-obligations quote on your contractor license bond!
Contractor License Bond Requirements in North Dakota
The North Dakota Board of Water Well Contractors is the authority on several types of state-mandated bonds. These include the $15,000 bond for water well contractors as well as the $2,000 bonds for geothermal, pump and pitless unit installation and monitoring wells contractors.
In addition to these requirements, several cities in North Dakota have additional contractor bond requirements. These include:
|
Surety Bond |
Bond Amount |
Premium |
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
City of West Fargo Contractor Bond |
$5,000 |
From $100 |
|
$1,000 |
From $100 |
|
|
City of Williston Excavation Contractor Bond |
$10,000 |
From $100 |
|
$25,000 |
From $250 |
The obligee for the various contractor bonds required in the state vary. A bond must be maintained in order for the contractor to legally conduct business activities. We will contact you prior to your bond’s premium payment due date to help you maintain your bond.
How to Get Your North Dakota Contractor License
We can help you learn more about how to get a contractor license. The state and municipalities have varying license application requirements. Some of the items that could be required include:
- Application
- Application fee
- Surety bond
- Specialized education or on-the-job training
- Business entity documentation, if applicable
For specific information about the requirements for your contractor license, contact the appropriate governing authority. For information about the water well contractor licenses and bonds, contact:
North Dakota Board of Water Well Contractors
1200 Memorial Highway
Bismarck, ND 58504
Phone: (701) 328-2754
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What Our Clients Have To Say?
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!
