The commercial surety bond is the bond form that the State of Oregon Construction Contractors Board (CCB) requires from a "commercial contractor" applying for a license and commercial endorsement, or renewing them. A surety company that is authorized to do business in Oregon completes and signs it, and the contractor submits it to the CCB. On this page you can fill out the form online on FillingPDF and download or print the completed PDF; the original PDF (Bond Form, Commercial, Rev 08/2023) is published by the CCB.
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What is Commercial Surety Bond – Oregon?
The Commercial Surety Bond is the State of Oregon Construction Contractors Board (CCB) bond form on which a surety company guarantees payment of amounts the CCB determines a commercial contractor owes, as a condition of the contractor's license under ORS Chapter 701.
The bond names the contractor as the "Principal," described as a "commercial contractor" as defined by ORS 701.005, and the surety company as the "Surety." The Surety binds itself to pay the State of Oregon the penal sum. The obligation is void if the Principal pays, in accordance with ORS Chapter 701 and OAR Chapter 812, all amounts the CCB determines it must pay.
The bond exists for one purpose: ensuring payment of CCB determination orders under ORS Chapter 701. It is one continuing obligation, and the Surety's total liability for all claims cannot exceed the penal sum. It stays in effect until claims paid under ORS Chapter 701 deplete it, unless the Surety cancels it first.
The CCB says a proper bond package includes the bond and a power of attorney. The CCB publishes this form for commercial contractors; its web page lists separate bond amounts by endorsement type, and the amount is not set by this page.
Who needs to file Commercial Surety Bond – Oregon?
A commercial contractor that is applying for a CCB license and commercial endorsement, or renewing its license and endorsement, furnishes this bond. The contractor is the Principal named on the first line.
The bond itself is completed by the surety company or its bond agent or attorney-in-fact. The form's checklist is addressed to the surety, and it says an attorney-in-fact or agent signs for the Surety, with a power of attorney attached.
Conditions printed on the form and on the CCB web page:
- The Surety must be a corporation authorized to do business in the State of Oregon.
- The bond must be issued in the exact entity name registered with the Corporation Division and listed on your application.
- The CCB page says bonds must be on a CCB bond form; no other bond form is accepted.
- Limited partnerships should call the CCB at (503) 378-4621 for special instructions.
This form is for commercial contractors. The CCB page lists separate bond amounts for residential endorsements, and you should not assume this form covers them.
When to file Commercial Surety Bond – Oregon
The bond must be filed with the CCB within sixty (60) days of the date shown on it, which is the date the bond company signed it. A bond that reaches the CCB later is no longer valid for licensing, so the surety should sign it close to the time you are ready to apply.
You need it when you apply for a new license or when you renew a license and endorsement, because the form is furnished as a condition of the license. The bond takes effect on the date the Principal meets all requirements for licensing or renewal. The form warns that it is not valid until it is filed and licensing is completed with the CCB.
Once in effect, the bond is continuous until it is depleted by paid claims or the Surety cancels it with 30 days' written notice to the Principal and the CCB.
Documents you need
- A power of attorney in favor of the bond agent or attorney-in-fact who signs for the surety, attached to the bond. Do not remove it if it is attached.
- For a new license applicant: the completed bond and power of attorney submitted together with the license application and fee, not sent separately by the bond company.
- Proof of the exact entity name registered with the Corporation Division, which the surety uses on the first line; the bond must match the name on your application.
How to fill out Commercial Surety Bond – Oregon
Enter the CCB and bond numbers
Fill in the CCB # only if a license number has already been issued; a new license applicant leaves it blank. Enter the surety company's bond number.
Write the Principal's exact name
On the first line, write the contractor's name exactly as registered with the Corporation Division. Follow the checklist for the entity type, such as full legal names for sole proprietors and partners or the entity name only for an LLC, corporation or trust.
Enter the penal sum
In the first sentence, enter the bond amount in the blank after "penal sum of $". Use the amount the CCB requires for the contractor's endorsement type.
Name the surety on the second line
Write the surety company's name on the line above "(the “Surety”)". The surety must be authorized to do business in Oregon.
Repeat the amount in the second blank
Enter the same amount after "to pay to the State of Oregon the sum of $". The checklist says the amount must appear in two places.
Enter the date the surety signs
Complete "Dated this ___ day of , 20" with the date the bond company signed it. The 60-day filing period runs from this date.
Complete the surety signature block
Under SURETY, enter the Name, then have the attorney-in-fact or agent sign on the By line. Add the printed name, title, agency address, phone, city, state and ZIP.
Complete the page 2 checklist
The surety confirms each item on the checklist: CCB number, bond number, names, amount in two places, signature, date and attached power of attorney.
Review, sign and download the PDF
Check that the names match the Corporation Division registration and that the amount appears twice. Download or print the completed PDF from FillingPDF, have it signed in original, and send the bond and power of attorney to the applicant.
How to submit Commercial Surety Bond – Oregon
The surety gives the completed bond and power of attorney to you, the applicant, and you submit them to the CCB. The surety does not send them to the CCB.
- New license applicants: do not have the bond company send the bond directly to the CCB. Submit the correctly completed bond and power of attorney with your application and the license fee. The CCB's page says you upload the company-specific bond and power of attorney with your online application, and that the bond and power of attorney are not to be submitted separately.
- Contact details printed on the form: State of Oregon Construction Contractors Board, mailing address P.O. Box 14140, Salem, OR 97309-5052; location 201 High St SE, Suite 600; telephone (503) 378-4621; www.oregon.gov/ccb.
The CCB page says the bond must carry the original signature of the bond company's attorney-in-fact, and that a power of attorney attached to the bond must not be removed. A license fee applies; ask the CCB for the current amount. FillingPDF lets you fill out and download the PDF; submission follows the channels above.
Common mistakes to avoid
- Having the bond company send the bond directly to the CCB when you are a new license applicant; it must be submitted with your application and fee.
- Letting more than 60 days pass between the date on the bond and its arrival at the CCB, which makes the bond invalid.
- Writing a contractor name that differs from the entity name registered with the Corporation Division; it must match exactly.
- Listing personal names for an LLC, corporation or trust; the checklist says to show the entity name only, with no personal names.
- Omitting the full middle name of a sole proprietor, or listing a spouse; the full first, middle and last legal name must appear, with no spouses.
- Entering the bond amount in only one place; the amount appears twice on the form.
- Dating the bond with a date other than the day the bond company signed it.
- Leaving out the attached power of attorney, or removing it from the bond.
Frequently asked questions
What is a commercial surety bond for the Oregon CCB?
It is the bond a commercial contractor furnishes to the Construction Contractors Board as a condition of its license under ORS Chapter 701. A surety guarantees payment of amounts the CCB determines the contractor owes, and the bond exists only to ensure payment of CCB determination orders.
Who fills out the commercial surety bond?
The surety company, through its bond agent or attorney-in-fact, completes and signs it. The checklist on page 2 is addressed to the surety. The contractor is the Principal and provides the exact registered entity name.
How long do I have to file the bond with the CCB?
The bond and power of attorney must reach the CCB within 60 days of the date on the bond. After that the bond is not valid for licensing. The date on the bond is the date the bond company signed it.
Does the bond company send the bond to the CCB?
No. The form tells the surety to send the bond and power of attorney to the applicant, not to the CCB. A new license applicant submits them with the application and fee for the license.
Can I fill out the commercial surety bond online?
You can fill out the PDF online on FillingPDF and download or print it. FillingPDF is an independent service and does not file it. The CCB page requires the bond to carry the attorney-in-fact's original signature.
How is the contractor's name written on the bond?
It must match the entity name registered with the Corporation Division. Sole proprietors and partners use full first, middle and last legal names; LLCs, corporations and trusts use the entity name only, with no personal names.
Can the surety cancel the bond?
Yes. The surety may cancel by giving 30 days' written notice to the Principal and the CCB. Cancellation does not limit the surety's responsibility for determination orders relating to the work period defined by OAR Chapter 812.
Does the bond expire?
The form sets no end date. It remains continuously in effect until claims paid under ORS Chapter 701 deplete it, unless the surety cancels it first. The CCB page also says all bonds must be continuous until canceled.
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