Colorado-City of Colorado Springs - Concrete Contractor License Bond

The Colorado-City of Colorado Springs Concrete Contractor License Bond is a form of financial guarantee required for most companies performing concrete work to operate in Colorado Springs. This bond protects clients and government agencies from losses related to fraudulent actions or contract violations that may arise during the work of a concrete contractor.

What Does the Concrete Contractor License Business Do?

Concrete Contractor License is a license granted to contractors working with concrete, allowing them to legally engage in the laying, repair, and maintenance of concrete structures. Concrete contractors work on construction sites performing tasks related to laying foundations, building concrete walls, floors, sidewalks, parking lots, and other concrete structures. The license ensures that the contractor has the necessary qualifications and complies with all building codes and safety standards.

To obtain the license, contractors must undergo training, pass exams, and demonstrate competence in construction and handling concrete. This is essential to ensure the quality of the work and compliance with building standards, especially on large and commercial projects.

Example: Boris and His Concrete Work Business

Boris is the owner of a company specializing in concrete work in Colorado Springs. His company handles the construction of foundations for residential and commercial buildings, as well as the laying of concrete floors and sidewalks. To legally operate, Boris obtained a Concrete Contractor License, allowing him to secure contracts for major construction projects and guarantee the quality of his work.

One day, Boris received an order for the construction of a new shopping center, where his company was responsible for pouring the foundation and organizing the parking lots. Thanks to his license and professional team, Boris was able to complete all the work on time and according to the required standards. Using high-quality materials and modern technologies, Boris ensured the durability and reliability of the structures, earning him positive reviews from the client.

How Much Does a Concrete Contractor License Bond in Colorado Springs Cost?

The cost of a concrete contractor license bond in Colorado Springs is $5,000.00. The standard rate is 1.000% per year with a minimum premium of $100.00. Agents can issue the concrete contractor bond in Colorado Springs through the personal account.

Key Points to Know About the Concrete Contractor Bond in Colorado

Example: How Boris Lost His Concrete Contractor Bond

Boris was a concrete contractor in Colorado Springs but did not meet the quality requirements of his work. He frequently violated contract terms with clients and failed to complete projects on time. As a result, several clients filed claims against his bond, and Boris lost his ability to continue his activities, as he could no longer provide the required financial guarantees.

Frequently Asked Questions

How Much Does a Concrete Contractor Bond in Colorado Springs Cost?

Who Is Required to Obtain a Concrete Contractor Bond?

All companies working in the field of concrete construction in Colorado Springs are required to obtain this bond to receive a license to operate.

How Can I Obtain a Concrete Contractor Bond in Colorado Springs?

Agents can issue the concrete contractor bond in the state of Colorado through the personal account.

Surety Bond Cost Breakdown — Get Approved and Pay Online in 2 Minutes. We are Surety bond producers and are business professionals who specialize in providing contract surety bonds to contractors. Everything You Need to Know About the Surety Underwriting Process, we will be more than happy to assist you call or text us now 731-333-3366

Filing Method
Executed bond must be filed with the obligee by agent/principal.
You can choose any of these options; all the companies offer solutions that align with your theme.