Contractor bond in Oregon: amount and cost
Oregon sets six contractor bond amounts by endorsement, from $15,000 for residential limited to $80,000 for commercial general level 1.
Contractor bond premium in Oregon
$188 to $375
estimated, per year, for a $25,000 bond
| Bond the state requires | $25,000 |
| Which amount | Residential general contractor |
| Rate for credit 700 or higher | 0.75 % to 1.5 % a year |
| Term | 1 year, renewed yearly |
Estimate from published rate grids, not a quote. ORS 701.068 (HB 2922, 2023). Amount read on the official page, October 22, 2026.
Compiled by Radif Partners · Method and sources · rule read October 22, 2026
Oregon's Construction Contractors Board ties the bond to the endorsement a contractor holds, under ORS 701.068 as amended by House Bill 2922 of 2023. Since January 1, 2024, a residential general contractor files $25,000, a residential specialty contractor $20,000, and a residential limited contractor $15,000. Commercial contractors file $80,000 at general level 1, $55,000 at specialty level 1, and $25,000 at level 2. The residential amounts rose by $5,000 each on that date, the board's table showing the residential general bond going from $20,000 to $25,000. A contractor holding both residential and commercial endorsements posts two bonds. The premium follows the amount and the owner's credit: on published grids, with a score of 700 or more, the $25,000 residential general bond costs about $188 to $375 a year, and the $80,000 commercial bond $600 to $1,200. Rule read on October 22, 2026.
Six amounts
| Endorsement | Bond since 2024 | Premium a year, credit 700+ |
|---|---|---|
| Residential general contractor | $25,000 | $188 to $375 |
| Residential specialty contractor | $20,000 | $150 to $300 |
| Residential limited contractor | $15,000 | $113 to $225 |
| Commercial general contractor, level 1 | $80,000 | $600 to $1,200 |
| Commercial specialty contractor, level 1 | $55,000 | $413 to $825 |
| Commercial general or specialty, level 2 | $25,000 | $188 to $375 |
The board's licensing page (Oregon CCB) lists the amounts by endorsement. Residential endorsements cover work on homes and small residential buildings; commercial endorsements cover other structures, with level 1 for larger operations and level 2 for smaller ones. The level depends on the contractor's experience and the size of its work, which the board reviews when it grants the endorsement.
Your Oregon endorsement and its premium
Contractor bond premium in Oregon
$250 to $625
| Bond the state requires | $25,000 |
| Which amount | Residential general contractor |
| Rate for credit 650 to 699 | 1 % to 2.5 % a year |
| Term | 1 year, renewed yearly |
Dual endorsements, two bonds
A contractor who works on both homes and commercial buildings holds both endorsements and files two bonds, one for each. A residential general contractor with a commercial level 2 endorsement therefore posts $50,000 in total, and pays a premium on each. Commercial contractors also face insurance requirements set by level.
The 2024 change
House Bill 2922 raised the residential bonds by $5,000 each from January 1, 2024. Contractors renewing after that date filed the new amounts, often by rider. The change follows a regional trend: Washington more than doubled its bonds six months later. The contractor bond overview compares every state read.
Filing with the board
The bond is filed with the Construction Contractors Board in the exact business name and with the license number the board assigns. Sureties file electronically with the CCB, and the board's license search shows the bond, its amount and its surety to anyone who looks up a contractor. Homeowners are encouraged to check it before signing a contract, which makes an active bond part of a contractor's credibility. If a surety cancels, the contractor has until the cancellation date to file a replacement, or the license is suspended.
What it costs
Oregon's residential bonds are small enough that a contractor with good credit pays close to the minimum premium of most sureties. Commercial level 1 bonds, at $80,000, cost more and draw a closer look at the business's finances. Contractors with weaker credit pay a larger share of the bond each year; the bad credit page shows how far the rate moves between tiers. Past claims paid on an Oregon bond, which the board records, also weigh on the price at renewal.
The Oregon rule as read
| Item | Value |
|---|---|
| Residential general contractor | $25,000 |
| Residential specialty contractor | $20,000 |
| Residential limited contractor | $15,000 |
| Commercial general contractor, level 1 | $80,000 |
| Commercial specialty contractor, level 1 | $55,000 |
| Commercial general or specialty, level 2 | $25,000 |
| Rule | ORS 701.068 (HB 2922, 2023) |
| Line read | “Residential General Contractor $20,000 $25,000” |
| Page | www.oregon.gov |
| Read on | October 22, 2026 |