What Changed for Oregon Contractors?
Contractors and subcontractors performing work on public jobs above $100,000 now must obtain a $30,000 surety bond in Oregon. As of June 14th, 2017, the bond is required by the Oregon Construction Contractors Board. The bond requirement ensures that contractors/subcontractors will provide payment to any laborers who performed work on their jobs.
Why Choose JW Surety Bonds?
We are the nation’s largest volume bond producer, and provide the lowest rates in the industry. It’s also crucial that you understand that you’re responsible to pay any claims filed on your bond. When you partner with our company, you will have a dedicated claim specialist assigned to your account to ensure claim payouts are either reduced or avoided all together.
Get a Free Quote Instantly Online
If you’re ready to get a surety bond for this newly increased bond requirement, you can simply apply online.