The purpose of this bond is to guarantee the completion of the storm water management facilities pursuant to the requirements set forth in Greer City Code Section 90-363; to maintain sediment and erosion controls according to the Review Complete Plans; and, to maintain and operate storm water management facilities for the project pursuant to Greer City Code Section 90-361
City of North Augusta, SC Contractor License Bond ($1,000)
The City of North Augusta, South Carolina requires that all contractors operating within the city limits obtain a surety bond to insure for any damages or other unforeseen issues that may arise during the work performance period.
South Carolina Licensed Residential Specialty Contractors-HVAC, Plumber, Electrician- Bond ($10.000)
If you are a Licensed Specialty Contractor, operating in the State of South Carolina, you are required to execute a South Carolina Licensed Residential Specialty Contractor Bond in the amount of $10,000. (Original bond signed by the applicant with the power of attorney attached) is required if you are doing projects that exceed $5,000 for total cost of construction. (Labor and materials added together, regardless of who purchases the materials) The obligee, SC LLR/Residential Builders Commission mandates it to ensure compliance with section 40-59-10 of the Code of Laws of South Carolina.
South Carolina Registered Residential Specialty Contractor Bond ($5,000.00)
Once a Residential Specialty Contractor registration is approved, you are required to execute a $5000.00 surety bond (original bond that is signed by the applicant with the power of attorney attached). The bond must be issued in the individuals name listed as principal and not a company or business name. The obligee, SCLLR, Residential Builders Commission uses it to ensure compliance with Section 40-59-220 of the Code of Laws for the state of South Carolina.
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.
Surety Bonds are often confused with insurance policies, but it’s important to remember that they are a completely separate product. Whereas an insurance policy would likely protect a contractor’s interests, Surety Bonds protect the customer’s interests. Applicants should know their required bond amount as determined by their applicable license or registration. These bonds can be purchased as 1, 2 or 3-year term bonds.