Contractor License Bond - Lincoln County, MO in Missouri

Brief Summary

The office in Lincoln County that asked for this bond sets the amount and the form, so the fastest path is to bring us its bond wording or amount and we match it exactly. You pay a yearly premium instead of putting up cash, and the signed bond goes straight back to the obligee with your license paperwork.

The Lincoln County, Missouri Contractor License bond is posted by a contractor as a condition of being licensed to work under a Lincoln County authority. It guarantees the contractor will follow the local rules tied to that license and pay what it owes the obligee. Missouri law at RSMo 324.920 expressly leaves local bond requirements in place, so a state license does not replace this bond.

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How to Apply for a Contractor License Bond:

• Get the required bond amount and the exact obligee name from the Lincoln County office that requested the bond.
• Ask whether that office uses its own bond form, and send it to us so the bond is issued on it.
• Provide the legal business name and address exactly as they appear on your license application.
• Complete the bond application and review the quoted premium.
• Sign and return the executed bond with your license or permit paperwork.
• Keep the bond in force for as long as you hold the license, and renew it before it lapses.

Detailed Information About the Missouri Contractor License Bond:

A state license does not replace the local bond

This is what most contractors get wrong. Missouri's statewide electrical contractor license, created under sections 324.900 to 324.945 RSMo, is optional, and section 324.920 requires an applicant to post a bond with each political subdivision in which he or she will perform work, as required by that political subdivision. The Division of Professional Registration's own FAQ tells contractors they must continue posting bonds with their local city or county if required. Holding a state license, liability insurance or a license in a neighboring city does not satisfy a Lincoln County bond.

Who handles what in Lincoln County

Lincoln County's planning and zoning page explains that permitting in the county is divided. Septic permitting runs through the Lincoln County Health Department at 636-528-6117. Floodplain development permits run through the Floodplain Management Office at 636-462-8191. Local fire districts handle occupancy permits and electric codes, and work inside Troy, Elsberry, Moscow Mills or Winfield goes through that city's planning and zoning department. Because several offices issue approvals, the exact obligee name on your bond should match the office that requested it.

What the bond guarantees

A contractor license bond is a three party agreement between the contractor as principal, the surety, and the licensing authority as obligee. It promises that the contractor will comply with the ordinances and code requirements attached to the license and will pay fees, penalties or costs of correcting noncompliant work that the contractor leaves unpaid. If a valid claim is paid, the contractor must reimburse the surety.

Amount, form and premium

The bond amount and any required bond form are set by the Lincoln County office requesting the bond. Get the amount and the exact obligee wording from that office before the bond is issued, since a bond written to the wrong name or amount will be sent back. The premium is an annual charge the surety sets after reviewing the owner's personal credit and the size of the bond.

Eligibility and Requirements for a Missouri Contractor License Bond:

• Bond written to the Lincoln County authority that issues the license, in the amount it specifies.
• Principal name on the bond matching the name on the license application.
• Owner credit review, which shapes the premium.
• A separate bond for each political subdivision that requires one, as section 324.920 RSMo provides for electrical contractors.
• Any local insurance or registration requirements the obligee sets in addition to the bond.

Missouri Contractor License Bond FAQs:

Official and Additional Resources for the Missouri Contractor License Bond: