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South Carolina Residential Builder/Certificate of Authorization/Bond ($15,000)

South Carolina Residential Builder/Certificate of Authorization/ Bond ($15,000)

Residential Builder Contractor License Bond – The primary purpose of contractor license Bonds is to protect the consumer from any wrongdoing on the part of the contractor’s inability to follow licensing regulations. The obligee that requires these Bonds is usually a local or state regulatory office or other consumer protection office. These agencies are looking to regulate the industry, cut down on fraud and, of course, deter bad contractors from working in the construction industry.