The Washington Contractor’s License Bond Date Change Rider is a type of surety bond. It is used to extend the expiration date of a Washington contractor’s license bond. The bond is issued by a licensed surety company and guarantees that the contractor will remain in compliance with all applicable laws and regulations regarding their license. The bond also ensures that the contractor will pay any claims or damages brought against them as a result of their work. There are two types of Washington Contractor’s License Bond Date Change Rider: the single bond rider and the multiple bond rider. The single bond rider allows the expiration date to be extended one time for a period of up to one year. The multiple bond rider allows the expiration date to be extended multiple times for a period of up to three years.
Washington Contractor's License Bond Date Change Rider
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FAQ
General contractors can perform most types of construction work. They can hire subcontractors in multiple specialties. However, contractors working with plumbing, electrical, elevators, mobile home installation, boilers, and asbestos have additional requirements for education, examination, and licensing.
Registering your business Independent contractors must register with the Department of Revenue unless they: Make less than $12,000 a year before expenses; Do not make retail sales; Are not required to pay or collect any taxes administered by the Department of Revenue.
General contractors require a $12,000 surety bond, and specialty contractors need a $6,000 bond that they must post to the Washington State Dept. of Labor & Industries (L&I). Electrical/telecommunication contractors must submit a $4,000 surety bond when applying for a license from the L&I.
As the owner of a structure, whether private residence, office building, or apartment complex, you are allowed to act as your own general contractor as long as the person hired to work for you (such as a subcontractor) has a contractor licensed and bonded by the Department of Labor and Industry of the State of
The following restrictions apply to handyman work in Washington State: You must perform all work personally without employees or other specialty contractors. You may only perform minor and casual work related to maintenance and repair of existing residences. You may not perform work requiring a building permit.
Washington Contractor License Bond Requirements General contractors require a $12,000 surety bond, and specialty contractors need a $6,000 bond that they must post to the Washington State Dept.
Contractor Specialties Register your business with Department of Revenue. Get a surety bond or an assignment of savings. Purchase a general liability insurance policy. Complete your Application for Contractor Registration. Pay the required application fee of $124.70.
As was mentioned above, general contractors can hire subcontractors, and they can perform work of any type. Specialty contractors are limited in the type of work they can perform, and they cannot hire subcontractors.
