Illinois South Shore CDC contractor license bonds.
From $100.
Chicago's South Shore Community Development Corporation registers the contractors it assigns or refers into its neighborhood work, and conditions registration on a surety bond guaranteeing the work is performed as agreed. Your registration paperwork names the amount. Premiums cost 0.5% of the bond amount, $100 minimum.
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How much does an Illinois South Shore CDC 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.
This is a registration filing with the CDC, not a government licensing queue — it moves at the speed of your paperwork. Here is the whole thing:
Apply online
Your business details, the type of contractor work you do, the bond amount your registration requires, and an effective date. No financials, no credit check up to $100,000.
Pay & e-sign
Contractor bonds like this are among the thousands of bond types that issue right after purchase. No credit check up to $100,000, and most applications approve instantly.
Send it to South Shore CDC
Your executed bond and power of attorney arrive by email, ready to submit with the rest of your contractor registration packet. Wet-ink original mailed on request.
What it is and who needs it.
What the South Shore CDC contractor bond actually guarantees
The South Shore Community Development Corporation is a Chicago nonprofit working to redevelop vacant lots and underused property, expand access to quality housing, and build local wealth in the South Shore community area. Delivering on that mission means assigning or referring outside contractors into repair, rehabilitation, and small-business improvement work, on behalf of the CDC and the residents and property owners it serves.
The bond backs the CDC’s ability to register only contractors who will actually finish the job they take on. The principal is your contracting business, the surety is the carrier, and the obligee is South Shore Community Development Corporation — not a city or state agency. If a registered contractor fails to complete assigned work as agreed, the CDC can make a claim on the bond, and the affected project or property owner is protected.
It is not insurance for you. A surety bond is a credit instrument: if the carrier pays a claim, you reimburse the carrier. Because no published Illinois statute names this specific bond, the amount and terms come directly from South Shore CDC’s own registration paperwork — confirm the figure with the CDC before you apply, and we price it from a $100 minimum with no credit check up to $100,000.
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
Pay & e-sign. Contractor bonds like this are among the thousands of bond types that issue right after purchase. No credit check up to $100,000, and most applications approve instantly.
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 $100,000. 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 instantly.
These are the actual issuing fields. No credit check up to $100,000.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get registered and take the assignment.
From $100, no credit check up to $100,000, bond issued the moment you pay. Enter the amount South Shore CDC set. Free until issued.