Who needs a contractor license bond in Spartanburg County, South Carolina?
Demolition contractors need to post a surety bond, provide a cash deposit that accrues interest, or provide an irrevocable letter of credit before being granted a demolition permit in Spartanburg County. If the surety bond is chosen to satisfy this requirement, the bond amount will be determined by the county’s estimate of the project’s cost.
Demolition contractors must also provide the county with the following:
- A completed demolition agreement
- The completion of the demolition within six months, or a requested extension
- An itemized estimate of project costs
- An asbestos project license issued by the Department of Health and Environmental Control (DHEC)
The county posts complete demolition contractor requirements.
Need help? Just pick up the phone and call us at (888) 435-4191. You can also visit our page on South Carolina contractor license bonds for state-specific information.
Get Your Spartanburg County Contractor Bond:
How do contractor bonds work?
Contractor bonds ensure that contractors meet all applicable regulations and codes of the obligee (Spartanburg County). The bond is a safeguard for clients.
The contractor acts as the principal in the bond contract. The bond guarantees a client compensation if the contractor breaks licensing and permit laws that result in damages. The surety may cover any costs to settle a bond claim upfront, but the contractor is ultimately responsible for paying back the surety over time.
You won’t need to pay the full bond amount to get your bond. Instead, you’ll pay a premium, a small percentage of the bond value. ZipBonds can issue these bonds quickly for just $100.
Frequently Asked Questions
Your bond will often cover you for the calendar year you first post it. The bond renewal date will then be the same day annually for every year your project continues. The bond renewal date will be listed on the bond form upon completion. You must keep your license and bond up to date to remain in good standing with the county.
The bond value is the maximum dollar amount a client can obtain directly from a contractor. If damages exceed that amount, clients may seek other methods of compensation. As a contractor, you should avoid claims at all costs by working professionally and efficiently.
Apply for Your Contractor Bond in Spartanburg County, SC
ZipBonds offers the fastest and most secure option for getting bonded. Our all-digital platform is intuitive and straightforward. Apply online, email email@example.com 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.