City of Hope contractor license bonds.
From $100.
The City of Hope requires a contractor bond as a condition of its contractor license. The city sets the amount — enter the figure on your application; the premium is 0.5% of the bond amount, $100 minimum, and your exact price appears at the application.
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How much does a City of Hope contractor license bond cost?
0.5% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard contractor bond — enter your amount, pay, and file with the city. Here is the whole thing:
Apply online
Your business details, the bond amount the city set, and the effective date — that is the application.
Issued on the spot
The application returns your exact price — pay and the executed bond is generated on the spot. Above $50,000, a soft pull may add a short review.
File with the City of Hope
Submit the executed bond with your City of Hope contractor license application. Wet-ink originals mailed on request.
What it is and who needs it.
What the bond actually guarantees
The City of Hope requires contractors to hold a city contractor license and post a surety bond as a condition of working within city limits. The bond is a compliance guarantee: it stands behind your obligation to follow the City of Hope building and contractor ordinances and to work under proper permits.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Hope (the obligee). If you violate the city's contractor ordinance and the city or a harmed party suffers a loss, they can recover against the bond.
Because the City of Hope sets the amount, you enter whatever figure your city application names. Enter that figure — the premium is 0.5% of the bond amount, $100 minimum, set by the amount the city named, not a credit or underwriting tier. Same honest pricing as every bond we write.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the City of Hope. Submit the executed bond with your City of Hope contractor license application. Wet-ink originals mailed on request.
What sets the price
The premium is 0.5% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $50,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the bond amount the City of Hope set — the executed bond is generated instantly, ready to file.
Start the application →Common questions.
Other Arkansas bonds.
Price and requirements checked on the carrier’s application, . Page updated .
City of Hope contractor bond, issued today.
Premiums from $100. Enter the amount the city set and file the same day.