Oklahoma Contractor License Bonds
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What Is an Oklahoma Contractor License Bond?
An Oklahoma contractor license bond is a type of surety bond that ensures a contractor will comply with local regulations and complete construction projects properly. The bond is an agreement between the contractor, the state or city, and the surety company that protects consumers from faulty or negligent contractors.
How Much Do Oklahoma Contractor Bonds Cost?
Most Oklahoma contractor license bonds cost $50–$100 per year and are available for instant online purchase. Bond coverage amounts vary from $1,000 to $100,000.
Some bonds require a quick application review to determine pricing. If so, select your bond below to get an exact quote.
Save up to 25% each year on select Oklahoma contract bonds by selecting a multi-year term.
Who Needs an Oklahoma Contractor Bond?
All electrical, mechanical and plumbing contractors in Oklahoma must file a bond with the Construction Industries Board. Out-of-state contractors must also file a non-resident contractor bond for tax liability with the Oklahoma Tax Commission.
Several cities and municipalities require additional license and permit bonds for local construction work. Check with your local licensing authority to verify their bond requirements.
Other Construction Bonds in Oklahoma
You may also need a bid bond, payment bond, performance bond, or other type of contract bond for certain construction projects in Oklahoma. If you work outside of Oklahoma, we also offer contractor license bonds nationwide.
How to Get an Oklahoma Contractor Bond
With SuretyBonds.com, you can get most Oklahoma contractor license bonds instantly online. Simply find the bond you need and enter your information. You can check out online and receive your official bond confirmation via email.
A few Oklahoma contractor bonds require a quick application review to determine pricing. If so, apply online and a representative will contact you within one business day to discuss your quote.
How Fast Can I Get My Bond?
SuretyBonds.com offers the fastest and easiest way to get contractor bonds. You can purchase most Oklahoma contractor license bonds online 24/7 with instant digital delivery. If your obligee requires the original bond form with wet signatures, we offer overnight shipping.
How Do Oklahoma Contract Bonds Work?
Oklahoma contractor bonds are legal agreements between three parties:
- Principal: The contractor/construction company purchasing the bond and upholding the obligations
- Obligee: The public entity or project owner requiring the bond as a financial guarantee from the principal
- Surety: The company issuing the contractor bond and backing the principal’s obligation
If you break the bond terms, the surety company will pay valid claims to harmed parties which you must then reimburse in full.
Who Regulates Oklahoma Contractor Licensing?
Various government agencies oversee licensing for specific types of contractors in Oklahoma:
- The Oklahoma Construction Industries Board enforces licensing requirements for resident contractors at the state level.
- The Oklahoma Tax Commission requires a separate non-resident contractor bond for projects valued over $100,000.
- Some cities also enforce their own additional contractor bond requirements. You must file an additional bond with them to fulfill local licensing compliance.
How to Get an Oklahoma Contractor License
You can apply for your statewide resident Oklahoma contractor license by completing these steps:
- Determine your license type, and fill out the correlating application.
- Pay the required fees.
- Take the required exam.
Mail your completed application, fees and additional documents to the address below:
Oklahoma Construction Industries Board
2401 N.W. 23rd St.
Suite 2F
Oklahoma City, OK 73107
To apply as a non-resident contractor in Oklahoma, you must be certified with the Oklahoma Tax Commission Website.
- Fill out the Oklahoma Business Registration Packet for Nonresident Contractors.
- Purchase and file a surety bond in the correct required amount (if applicable).
- Pay all required fees.
You'll also need to fulfill any additional license and surety bond requirements enforced by individual cities at the municipal level.
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.
