Contractor license bond cost
The state of Iowa and various cities throughout the state require contractors to post various surety bonds in varying amounts. Applicants should verify their bond requirements with the state and their local municipality prior to completing construction work.
Why this bond
Contractor bonds in Iowa are put in place to ensure that principals (contractors) conduct business in accordance with the laws of the state and/or their individual city. Some of these rules and regulations include:
- Paying for all labor and materials used during the construction process
- Completing construction projects according to code
- Paying all taxes due to the state
- Correcting any code violations in the given time frame
- And more
If the principal fails to comply with these terms, the bond protects harmed parties from financial loss up to the full amount of the bond.
Apply for your surety bond
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