All contractors in Arizona must submit a license bond—or equivalent cash deposit—as a condition for approval and renewal of their license with the Arizona Registrar of Contractors (ROC). The required bond amount depends on both the type of license (residential or commercial, general or specialty) and the projected annual gross volume of work.
Licensed residential contractors must also provide consumer protection—either by posting a $200,000 surety bond or cash deposit, or by paying into Arizona’s Residential Recovery Fund.
Performance bonds are used to guarantee the performance of a contract. Project owners use these bonds to ensure projects are completed on time and on budget. They are required on all federally funded projects as well as most other publicly funded contracts valued at $150,000 or more.Payment bonds are used to guarantee the suppliers of material and labor are paid. Just like performance bonds, these bonds are required on all federally funded projects as well as most other publicly funded contracts valued at $150,000 or more. Payment surety bonds are more often than not issued alongside performance bonds.Bid bonds are used as a guarantee that a contractor is able and willing to enter into a contract. A bid bond also guarantees the contractor can and will secure a performance bond and/or a payment bond for the awarded contract. These bonds ensure only serious contractors submit legitimate bid proposals.
License and Permit Bonds are required by a municipality or other public body as a condition to granting a license or permit to engage in a specified activity, this bond guarantees that the party seeking the license or permit (the obligor) will follow applicable laws or regulations.
While there are too many License & Permit bonds to list, here are a few of the popular ones:
Don't see your bond listed? Go ahead and fill out a bond form and in the notes field, let us know what type of bond you are in need of.
*Forms can be found under Quotes in the Navigation Bar*
Every Arizona contractor must post a bond to stay licensed and in good standing with the Registrar of Contractors. Whether you’re residential, commercial, or dual-licensed, we make getting your required bond simple, affordable, and fast.
✔ Same-day quotes
✔ Low rates available
✔ Meets ROC requirements
Call us at (877) 426-6396 or fill out the quick form below.