Contractor License ($10,000) Bond - City of Eureka Springs, AR in Arkansas

Brief Summary

Eureka Springs will not issue a city contractor license until it has a surety bond of at least $10,000 on file. The bond is a short application and an annual premium, so you can get it in hand before you walk your city license paperwork in.

Eureka Springs Municipal Code 11.08.020 requires every contractor licensed by the city to deliver a bond with a surety company of no less than $10,000. The same chapter requires a current Arkansas contractor license or certification and an annual city license fee of $100 for general contractors or $50 for other contractors and subcontractors.

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How to Apply for a Contractor License ($10,000) Bond:

• Hold a current Arkansas contractor license or trade certification and have a copy ready for the city.
• Apply for the surety bond in the exact business name you will use on the city license application.
• Pay the premium and receive the executed bond for at least $10,000 naming the City of Eureka Springs.
• Confirm the current bond form and filing steps with the city.
• File the bond, the state license copy and the annual fee with your city license application.
• Keep a copy of the city license available at every job site in Eureka Springs.

Detailed Information About the Arkansas Contractor License ($10,000) Bond:

Who needs it

Under Eureka Springs Municipal Code 11.08.010, any contractor or tradesperson must apply for and obtain a city contractor's license before beginning any work inside the city limits. Section 11.08.020 then requires all contractors to deliver to the city a bond with a surety bonding company in the sum of no less than $10,000. The code does not carve out a smaller amount for subcontractors or specialty trades, so the $10,000 figure applies across the board.

The state license comes first

The city code also says every contractor and tradesperson must be licensed by the Arkansas Contractors Licensing Board and give the city a copy of the current state license or certification for their trade. The city bond is a separate instrument. A state license bond, if you carry one, does not take its place.

Fees and trades covered

Section 11.08.030 sets the annual fee at $100 for general contractors and $50 for all other contractors, including subcontractors. The list of other contractors is long and includes electrical, plumbing, HVAC, roofing, painting, drywall, excavating, fencing, landscaping, tree trimming, sign installation, swimming pool installation and general maintenance work.

What the bond does

The bond names the City of Eureka Springs as obligee and backs the contractor's duty to follow the city's codes while working under the license. If a valid claim is paid, the surety looks to the contractor to repay it. Premium is set by the surety after a review of the owner's credit and business history. Confirm the current bond form and filing steps with the city before the bond is issued, and keep a copy of your city license available on every job site, as the code requires.

Eligibility and Requirements for a Arkansas Contractor License ($10,000) Bond:

• Bond amount of no less than $10,000 under Municipal Code 11.08.020.
• City of Eureka Springs named as obligee.
• Current Arkansas Contractors Licensing Board license or trade certification.
• Annual city fee of $100 for general contractors or $50 for other contractors and subcontractors.
• Owner credit review by the surety, which sets the premium.

Arkansas Contractor License ($10,000) Bond FAQs:

Official and Additional Resources for the Arkansas Contractor License ($10,000) Bond: