| | Arizona Contractor License Center specializes in providing contractor bonding services for the Arizona Contractor. Our bonding specialists will help guide you through the bonding process, work with you in completing your bond applications and assist you with the filing process. We have been responsible for filing thousands of bond applications each year helping the contractor secure the proper bonding coverage's at the most cost effective premiums.
Quality Product
Timely Approvals
Easy Application Process
Overnight Delivery Available After Surety Bond Is Approved
Solutions for Most Credit/Financial Qualification Problems
Guarantee your work - It's the law
A surety bond is a guarantee between the contractor, the party who they are providing the work for and the bonding company who ensures the contractor's obligations will be performed.
License Bond
The Arizona Registrar of Contractors requires Arizona contractors to file for a surety bond in the form of a license bond in the amount required by their license classification and the anticipated annual gross volume for the business.
The License Bond provides the financial security and construction assurance on building and construction projects by assuring residential project owners the contractor will perform the work and pay subcontractors, laborers, and material suppliers and commercial contractors will comply with all commercial codes set forth by the state.
Taxpayer Bond
Who May Have to Post a Taxpayer Bond?
Certain Transaction Privilege Tax license applicants who will engage in contracting.
Certain prime contractors who have construction contracts valued at $50,000 or more.
Persons who are delinquent in paying Arizona taxes or have a history of delinquency.
www.revenue.state.az.us/brochure/539.pdf
Recovery Fund
Residential contractors are also required to provide a consumer protection bond. This may be in the form of a Surety Bond or cash deposit in the amount of $200,000.00, or payment into the Residential Contractors' Recovery Fund. The application instructions provide detailed information on this requirement.
Recovery Fund Video
Contract Bonds Apply For a Contract Bond
Contract Surety Bonds are surety bonds that guarantee the faithful performance of the contract agreement's terms and conditions. For the construction industry, performance, bid and payment bonds are three of the most popular type of bonds used.
Performance Bond
Protects the owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions.
Bid Bond
Protects the owner by guaranteeing the contractor will enter into the contract at the determined price.
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