Contractor License ($5,000) Bond - City of Ashdown in Arkansas

Brief Summary

The $5,000 bond is filed with the City of Ashdown, not with the state licensing board in Little Rock. Get the amount, form and business name lined up with City Hall first and the bond itself is a quick, inexpensive piece of the city license.

The City of Ashdown, Arkansas requires a $5,000 contractor license bond from contractors licensed to work inside the city. The City of Ashdown is the obligee. The bond guarantees that the contractor will follow the city's building codes, ordinances and permit conditions, and it gives the City and the public a way to recover losses up to $5,000 if the contractor does not. Confirm the current form and filing steps with the City before the bond is issued.

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How to Apply for a Contractor License ($5,000) Bond:

• Confirm the $5,000 amount, bond form and renewal date with the City of Ashdown.
• Have the legal business name exactly as it appears on the city contractor application.
• Have your Arkansas Contractors Licensing Board license number ready if your work requires a state license.
• Complete the bond application and review the quoted premium.
• Sign the bond and file the original with the City of Ashdown along with the city application.

Detailed Information About the Arkansas Contractor License ($5,000) Bond:

The city bond and the state license are separate

The Arkansas Contractors Licensing Board licenses contractors at the state level. Its rules call for a commercial license when a contractor performs work of $50,000 or more, including labor and materials, on a commercial project, and a home improvement license for specialty work on a single-family residence when the project is more than $2,000. The $5,000 bond on this page is a different filing. It goes to the City of Ashdown as part of the city contractor license.

What the bond guarantees

The contractor is the principal, the City of Ashdown is the obligee and the surety company backs the promise. The bond guarantees that the contractor will comply with the city's codes, ordinances and permit conditions on work done in Ashdown. Claims are limited to the $5,000 penal sum. If a valid claim is paid, the contractor must repay the surety.

Before the bond is issued

Call Ashdown City Hall and confirm the bond amount, whether the City uses its own bond form, the exact business name the bond must show and when the city license renews. Having those details before you apply keeps the bond from being rewritten after it is filed.

Eligibility and Requirements for a Arkansas Contractor License ($5,000) Bond:

• Bond amount of $5,000.
• City of Ashdown, Arkansas named as obligee.
• Bond written in the same business name used on the city license application.
• Bond issued by a surety company authorized to write bonds in Arkansas.
• Owner credit review by the surety.

Arkansas Contractor License ($5,000) Bond FAQs:

Official and Additional Resources for the Arkansas Contractor License ($5,000) Bond: