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All applicants for a contractor license in the state of Arizona must post a contractor license bond to the Arizona Registrar of Contractors (ROC). This bond guarantees the licensed contractors will abide by the provisions of Chapter 10, Title 32 of the Arizona Revised Statutes (ARS).
How to Get an Arizona Surety Bond Apply For Your Bond. You begin by completing our short online application. ... Get a Bond Rate. When we receive your application, we use our network of surety partners to find the best possible rate for you. ... Buy Your Bond.
License and Renewal Fees NEW LICENSE APPLICATIONCLASSIFICATIONAPPLICATION FEELICENSE FEEGeneral Commercial (A, B-1, B-2)$200$580Specialty Commercial (C)$100$480General Residential (B, B-3, B-4, B-5, B-6, B-10)$180$3203 more rows
The bond value will be one and a half times the vehicle's value. You will pay a small percentage of this value to obtain your bond, which could be as little as $100 for a three-year bond.
A bonded title is a title with a surety bond attached to protect the MVD and the rightful owner if it turns out that someone else has a legitimate ownership interest in the vehicle.
Bonds are required for professionals in industries such as construction and auto sales, and they are a must for any contractors working on a construction project for the federal or state government, as well as contractors working on large commercial projects.
How much does a Contract Bond cost? Contract bonds cost between 2.5% and 3% of the contract amount.
Residential general contractors in the state must post a bond in the amount of $9,000 or $15,000. Residential specialty contractors are required to post a bond in the amount of $4,250 or $7,500. Commercial general contractors in Arizona must post a bond in a range between $5,000 and $100,000.
Filing a Bond Claim in Arizona Preliminary Notice ? Like most other states, the initial step in your Arizona bond claim process is to file a Preliminary Notice. ... Notice of Bond Claim ? Once you have filed your Preliminary Notice, the next step would be to fill out a Notice of Claim.
The cost of an Arizona contractor license bond can range from $100 to $1,000, depending on your license classification (Commercial General, Commercial Specialty, Residential General, or Residential Specialty) and estimated volume of work.