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North Carolina Contractors License Bond

Complete Guide to becoming a Bonded NY Contractor

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How Do I Get Bonded?

The Complete Bonding Guide for North Carolina Contractors

To become a general, electrical, landscape, or irrigation contractor in the state, you will need to obtain a North Carolina contractor license bond.

In addition, contractors in several cities and counties throughout the state, such as Greensboro, Winston-Salem, High Point, Rocky Mount, Rowan County, and Cabarrus County must also get bonded.

This bond guarantees that contractors will comply with the provisions of the North Carolina Administrative Code and the North Carolina General Statutes Chapters that apply to them.

Questions about Contractor License Bonds in North Carolina

What Are the North Carolina Contractor License Bond Requirements?

Bond amounts for North Carolina contractors vary from license to license. To get licensed as a contractor, you will need to obtain a bond in one of the following amounts:

  • General contractors:
    • $175,000 bond for a limited license
    • $500,000 bond for an intermediate license
    • $1,000,000 bond for an unlimited license
  • Electrical contractors:
    • $50,000 for an intermediate electrical contractor
    • $130,000 for an unlimited electrical contractor
  • Landscape and irrigation contractors:
    • $10,000 bond

Are you ready to apply for your bond? Complete and submit our online application form and we will shortly contact you with a free quote!

Looking to get a bond for a construction project? Our contract bond page has all the information that you need on contract bonds.

How Much Does the North Carolina Contractor License Bond?

The cost of your surety bond is equal to a percentage of its full amount. It is determined by several factors with personal credit score being the most important one. Applicants with high credit scores get lower rates and vice versa.

Apart from credit score, sureties will usually also look at the rest of your financial information - your financial statements, fixed and liquid assets, and even your industry experience.

To get a sense of how much your North Carolina contractors license bond might cost, see the table below!

License type Bond Amount Surety Bond Cost by Credit Score
Above 700 650-699 600-649 Below 599
General contractors
Limited general contractor license $175,000 $1,750-$3,500 $2,625-$5,250 $3,500-$7,000 $5,250-$8,750
Intermediate general contractor license $500,000 $5,000-$10,000 $7,500-$15,000 $10,000-$20,000 $15,000-$25,000
Unlimited general contractor license $1,000,000 $10,000-$20,000 $15,000-$30,000 $20,000-$40,000 $30,000-$50,000
Electrical contractors
Intermediate electrical contractor license $50,000 $500-$1,000 $750-$1,500 $1,000-$2,000 $1,500-$2,500
Unlimited electrical contractor license $130,000 $1,300-$2,600 $1,950-$3,900 $2,600-$5,200 $3,900-$6,500
Landscape and irrigation contractors
Landscape and irrigation contractor license $10,000 $100-$200 $150-$300 $200-$400 $300-$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.

Want to know more about surety bond cost? See our How Much Does a Surety Bond Cost? Guide for a detailed explanation of the factors that determine bond cost!

If you need to know more about getting a North Carolina contractor license bond, call us at (877)-514-5146 anytime!

How to Become a Licensed and Bonded Contractor in North Carolina

To become a contractor in North Carolina, you need to meet the licensing authority’s requirements. These will differ somewhat depending on what kind of contractor license you are applying for.

Overall, you can expect to be required to meet the following requirements:

  • Register a business entity with the NC Secretary of State
  • Obtain an Employer Identification Number (EIN) from the IRS (if necessary)
  • Pass a license or classification exam (if applicable)
  • Get liability insurance and workers’ compensation insurance (if applicable)
  • Pass a criminal background check
  • Obtain a North Carolina contractor license bond in the right amount
  • Submit your contractor license application form
  • Pay a licensing fee

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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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