Contractor Bond Amount Estimator
Estimate the surety bond amount required for your contractor's license based on your license type, annual revenue, and project size. Results reflect common state and industry benchmarks.
Formula
Step 1 – Revenue Component: min(Annual Revenue × 1.5%, $500,000)
Step 2 – Project Component: Largest Project × 10%
Step 3 – Raw Bond: max(Revenue Component, Project Component) + Base Minimum + Employee Adjustment
Step 4 – Adjusted Bond: Raw Bond × State Tier Multiplier
Step 5 – Public Works: If applicable, max(Adjusted Bond × 1.30, $50,000)
Step 6 – Final Bond: Round up to nearest $5,000
Annual Premium: Bond Amount × 0.5% to 3.0% (avg ~1.5% for good credit)