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How Much Does an Oklahoma Contractor License Bond Cost?
In Oklahoma, the cost of a contractor license bond ranges from $100 to $5,000. There are numerous bond requirements for different types of contractors at the state and local levels. Bond amounts required range from $1,000 to $50,000.
Instead of paying the full bond amount, license applicants can purchase a bond through a surety company. The bond premium for a contractor license typically ranges from 1% to 10% of the total bond amount, depending on the applicant’s business financials, experience, personal assets, and credit scores.
A 700 or higher credit score qualifies for a 1% to 3% premium rate. A 600 to 699 credit score qualifies for a rate of 3% to 5%. A premium rate of 5% to 10% is available for credit scores below 599.
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Surety Bond Cost Based on Credit Score |
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|
Surety Bond Name |
Surety Bond Amount |
Over 700 |
Between 600 - 699 |
Below 599 |
|
Oklahoma Seismic Operations and Plugging Bond |
$50,000 |
$500 - $1,500 |
$1,500 - $2,500 |
$2,500 - $5,000 |
|
Oklahoma Construction Industries Board Electrical Contractor License Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
|
Oklahoma Construction Industries Board Mechanical Contractor License Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
|
Oklahoma Construction Industries Board Plumbing Contractor License Bond |
$5,000 |
$100 - $150 |
$150 - $250 |
$250 - $500 |
|
Oklahoma Oil, Gas, Injection or Disposal Wells Bond |
$25,000 |
$250 - $750 |
$750 - $1,250 |
$1,250 - $2,500 |
How to Get an Oklahoma Contractor License Bond
1. Determine the Surety Bond You Need
With many licensing and bond requirements in place at the state and local levels in Oklahoma, the first step is to research the requirements that apply to you. Our bond experts are available to answer your questions. You can also use the resources available below to facilitate your research.
Eli needed a surety bond to do contractor work in Tulsa when he contacted us recently. After he applied online, we gave him an instant quote and answered his questions. Eli used our online payment portal to make his payment, and we emailed the bond to him quickly.
2. Apply for Your Contractor Bond
When you know which bond type and amount you need, take the next step by filling out the online application. This brief application can be completed within a few minutes. We offer bonds to suit most needs and bond over 99% of our applicants.
3. Get a Quote
Our customers benefit from an instant quote in most cases. In the event an application is more complicated and requires additional review, we will deliver a quote within 48 hours or less.
4. Buy Your Bond
Paying your bond’s premium and finalizing your purchase is easy to do. Use our convenient payment portal online, and we will begin processing your bond right away. For fast delivery, we email bonds to our customers. If requested, we can mail the document to you as well.
We are available to help you set up your new bond. For assistance from our friendly bond experts, please contact us or call us at (877) 514-5146.
Start your contractor license bond application. 100% money-back guarantee!
Contractor License Bond Requirements in Oklahoma
The Oklahoma Construction Industries Board enforces state license and bond requirements for electrical, mechanical and plumbing contractors. These are $5,000 bonds listing the Construction Industries Board as the obligee.
The Oklahoma Corporation Commission enforces bonds for seismic operations and plugging. It is also responsible for oil, gas, injection or disposal well bonds.
In addition to these state-mandated bonds, numerous municipalities hold bond requirements for contractors. These include:
|
Surety Bond |
Bond Amount |
Premium |
|
City of Bartlesville Sign Contractor Bond |
$2,000 |
From $100 |
|
City of Del City Fallout or Storm Shelter Contractor Bond |
$2,000 |
From $100 |
|
City of Del City Fence Contractor Bond |
$5,000 |
From $100 |
|
City of Del City Electrical, Mechanical, or Plumbing Contractor Bond |
$5,000 |
From $100 |
|
$5,000 |
From $100 |
|
|
City of Edmond Sign Contractor Bond |
$1,000 |
From $100 |
|
City of Enid Arborist Contractors Bond |
$50,000 |
From $500 |
|
$10,000 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
$10,000 |
From $100 |
|
|
City of Lawton Contractor Bond |
$2,500 |
From $100 |
|
City of Midwest City Concrete Contractor Bond |
$10,000 |
From $100 |
|
City of Moore Contractor Bond |
$1,000 |
From $100 |
|
$2,000 |
From $100 |
|
|
$2,000 |
From $100 |
|
|
$1,000 |
From $100 |
|
|
$2,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
$5,000 |
From $100 |
|
|
City of Shawnee Contractor Bond |
$2,000 |
From $100 |
|
City of Stillwater Contractor Bond |
$1,000 - $25,000 |
From $100 |
|
City of Tulsa Sidewalk and Driveway Contractor Bond |
$5,000 |
From $100 |
|
City of Tulsa Sprinkler Contractor Bond |
$2,500 |
From $100 |
|
City of Tulsa Payment Bond |
$1,000 - $100,000 |
From $100 |
|
The City of The Village Contractor Bond |
$2,500 |
From $100 |
|
Del City Construction, Covering Street Cuts, or Alteration of Driveways Connecting to Street Bond |
$5,000 |
From $100 |
|
City of Oklahoma City Well Drilling, Operation, and Production Blanket Bond |
$25,000 |
From $250 |
|
City of Tulsa Indemnity Bond for Demolition |
$5,000 |
From $100 |
|
$25,000 |
From $250 |
|
|
$50,000 |
From $500 |
The bond term and obligee vary. For all types of bonds, however, the premium payment is due annually. To help you maintain your bond and your ability to work in your trade, we will contact you prior to the premium payment’s due date with instructions for the payment.
How to Get Your Oklahoma Contractor License
Our bond experts are available to answer your questions and help you learn how to get a contractor license. The specific requirements, forms and fees vary based on the type of license needed. These are some of the more common requirements that could be needed for your contractor license:
- Application
- Professional or educational experience
- A surety bond
- Proof of liability insurance
- Application fee
- Business entity documentation for an LLC, corporation or assumed business name
- Workers' compensation insurance, if applicable
You can learn more about contractor license requirements through your local authority or by contacting:
Oklahoma Construction Industries Board
2401 NW 23rd Street #2F
Oklahoma City, OK 73107
Phone: (405) 521-6550
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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!
