Who needs a contractor bond in Arvada, Colorado?
Contractors in Arvada, Colorado, must apply for a Municipal Contractors License if they are performing general public improvement projects consisting of construction, reconstruction, or remodeling of:
- Storm drains
- Irrigation ditches
- Fire lines
- Sewer and water lines
- Sewer and water mains
- Curb and gutters
- Traffic-control devices
- Similar improvements constructed on public rights of way, easements, and other public property
- Utility services on private property between the property line and building
As part of the application for a Municipal Contractors License, general contractors will need to obtain a $20,000 contractor license bond. The expiration date for this bond is one year after the bond is issued. Contractors should know the date of issuance and ensure that there’s no missed coverage on multi-year projects.
If you aren’t sure if you need a Municipal Contractors License or surety bond, see the City of Arvada’s contractor licenses page for more information. You can also contact ZipBonds directly for help with bonding requirements.
Get Your Arvada Contractor License Bond:
How does an Arvada contractor license bond work?
Arvada contractor license bonds ensure that contractors follow the rules and regulations regarding building codes, taxes, etc., and act professionally and ethically. If a contractor breaks one or multiple points of their bond agreement, a client who suffers damages can file a claim against the bond.
The $20,000 Arvada contractor license bond is a contract between three parties:
- A principal: The contractor
- An obligee: The City of Arvada requiring the bond for work taking place within city limits
- The surety: The organization taking on the initial responsibility for incidents that may occur. Contractors must pay back the full amount for approved claims on their bond over time.
Contractors will pay a premium to obtain their surety bond, which in Arvada is typically $100 per year. Visit our page on contractor license bonds in Colorado for more information.
Apply for Your Contractor License Bond in Arvada, Colorado
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email firstname.lastname@example.org or call 888.435.4191 to speak with an agent directly.
Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”
Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.