City of Hagerstown, MD - Building Contractors and Carpenters
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Bond Cost |
| $20,000 | Up to 2 Years | $400 |
Carpenters and contractors performing real estate construction or repair work in Hagerstown, Maryland, must be licensed by the city and file a $20,000 surety bond before engaging in business. Required by the City of Hagerstown, the Hagerstown building contractors and carpenters bond protects the city against damages or expenses arising from licensed construction or repair work and guarantees the contractor's compliance with applicable city requirements.
Cost of the City of Hagerstown MD Building Contractors and Carpenters Bond
The cost of the $20,000 Hagerstown building contractors and carpenters bond is $400 per bond term with NNA Surety. Buy your bond online today.
The bond expires December 31 of each odd-numbered calendar year, so the bond term may be up to two years depending on when it is issued.
How the Hagerstown Building Contractors and Carpenters Bond Works
The Hagerstown building contractors and carpenters bond provides a financial guarantee that licensed contractors and carpenters will comply with applicable city rules, regulations, ordinances, and codes while performing construction or repair work.
The Maryland surety bond involves three parties:
- Principal: Licensed building contractor or carpenter
- Obligee: City of Hagerstown, Maryland
- Surety: Bonding company
The bond also protects the City of Hagerstown from certain damages, expenses, and losses resulting from the principal's work. If a valid claim is made against the bond, the surety may pay covered losses up to the $20,000 bond amount. The contractor is responsible for reimbursing the surety for amounts paid on a valid claim.
How to Get the City of Hagerstown Building Contractors and Carpenters Bond
Getting your Hagerstown contractor bond with NNA Surety is simple:
- Complete the short online bond application.
- Pay the $400 bond cost.
- Receive your bond on the City of Hagerstown’s official form (“Single Bond for Building Contractors and Carpenters”).
- File the required bond with the City of Hagerstown as part of the contractor licensing process.
No credit check is required, making it easy to secure the bond needed to meet Hagerstown contractor licensing requirements.
Secure Your Hagerstown Building Contractors and Carpenters Bond
Get your $20,000 Hagerstown building contractors and carpenters bond and take the next step toward meeting the city's licensing requirements. Apply online with NNA Surety to purchase your bond quickly and get the documentation you need to file with the City of Hagerstown.