Oklahoma Contractor License Bond

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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.

 

Surety Bond Cost Based on Credit Score

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

* This table provides a ballpark estimate of potential bond costs. Bond pricing can fluctuate over time due to a number of factors. For exact pricing, please complete an application.

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.

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

City of Del City Sign Contractor Bond

$5,000

From $100

City of Edmond Sign Contractor Bond

$1,000

From $100

City of Enid Arborist Contractors Bond

$50,000

From $500

City of Enid Building Contractor Bond

$10,000

From $100

City of Enid Demolition Contractors Bond

$10,000

From $100

City of Enid Sign Contractor Bond

$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

City of Norman Sign Contractor License Bond

$2,000

From $100

City of Oklahoma City Boiler Contractor Bond

$2,000

From $100

City of Oklahoma City Fence Contractor Bond

$1,000

From $100

City of Oklahoma City Sidewalk Contractor Bond

$2,000

From $100

City of Oklahoma City Sign Contractor Bond

$5,000

From $100

City of Oklahoma City Insulation Contractor Bond

$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

Oklahoma Oil, Gas, Injection, or Disposal Wells Bond

$25,000

From $250

Oklahoma Seismic Operations and Plugging Bond

$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


START YOUR APPLICATION It's FREE. No Obligations. Approval in Minutes.

About Us

Lance Surety Bonds
Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more

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Andrew Poincot

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