A Washington Contractor's License Bond Validation Rider is a type of surety bond that is required by the Washington State Department of Labor & Industries in order to obtain and maintain a contractor's license in the state. This bond is a guarantee that a contractor will comply with all applicable laws and regulations in the state of Washington. There are three types of Washington Contractor's License Bond Validation Riders: Commercial, Residential, and Limited. The Commercial bond is required for contractors who engage in commercial construction projects, while the Residential bond is required for contractors who engage in residential construction projects. The Limited bond is required for contractors who engage in limited construction projects, such as remodeling jobs. All three types of Washington Contractor's License Bond Validation Riders are designed to protect the state of Washington and its citizens from losses incurred due to a contractor's negligence, fraud, or other breach of contract.
Washington Contractor's License Bond Validation Rider
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FAQ
How Do Washington Contractors Complete Their Registration? Step 1 ? Determine the Registration Type.Step 2 ? Register as a Business.Step 3 ? Purchase a Surety Bond or Obtain an Assignment of Savings.Step 4 ? Purchase Insurance.Step 5 ? Complete the Application.Step 6 ? Pay Fees.
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
Construction Contractors Must Be Registered. Washington State requires all construction contractors to register with L&I. State law also requires construction contractors to be bonded and insured to protect the public. Once registered, contractors can bid, advertise, and perform construction work.
Does a handyman need a license in Washington State? Yes, you need a handyman license in Washington if your project value exceeds $2,000. In this case, you must have a contractor license in the category of work you're doing.
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.
ORS 701.990 It is a class A misdemeanor (0-12 months, maximum fine of $6250) for a contractor to: ? Work or undertake to work as a contractor without a license; or ? Intentionally use a contractor's license number without the authorization of the licensed contractor.
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.