Contractor Taxpayer Surety Bonds are required for contractors that have been issued a transaction privilege tax license, those with construction contracts for projects exceeding $50,000 and those who have a history of delinquent tax payment.
These surety bonds ensure that contractors pay all taxes, including transaction privilege taxes, penalties and other financial obligations promptly and in full. Coverage is offered based on the type of work being completed by the contractor:
Includes:
- Air Conditioning and Heating
- Decorating
- Demolition and Deconstruction
- Electrical Work
- Excavation and Foundation Work
- Flooring Work
- General Carpentry
- Glass and Glazing Work
- Installation and Erection of Building Equipment
- Insulation and Acoustic Measures
- Mobile / Manufactured Home Construction
- Mosaics
- Painting and Paper Hanging
- Plastering and Drywall
- Plumbing
- Roofing and Flooring
- Sheet Metal and Concrete Work
- Steel Structure Erection
- Stonework and Masonry
- Terrazzo, Tile and Marble Work
- Water Well Drilling
Includes:
- Communication and Power-Line Construction
- Pipeline
- Sewer
- Water
Includes:
- Non-Residential Buildings
- Roadways and Highways (Excluding Elevated Highways)
- Warehouses
Includes:
- Dams
- Golf Courses
- Land Drainage
Includes:
- Bridges
- Elevated Highways
- Tunnels