General Contractor License Group 3 Bond
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $150,000 | 1 Year | $3,000 |
General contractors seeking a Group 3 license in South Carolina — a classification that authorizes bids and jobs up to $1,000,000 — may post a surety bond in lieu of meeting the net worth requirement set by the South Carolina Contractor's Licensing Board. Listing the State of South Carolina as obligee, the South Carolina bond guarantees payment to anyone damaged by the contractor's breach of a construction contract or unlawful act while performing construction.
Cost of the SC General Contractor License Group 3 Bond
The cost of the $150,000 general contractor license Group 3 bond is $3,000 per bond term with NNA Surety. Secure this surety bond today.
How the General Contractor License Group 3 Bond works
The general contractor license Group 3 bond protects consumers, subcontractors, and suppliers who do business with a licensed contractor — not the contractor who buys it. A Columbia general contractor license Group 3 bond guarantees that the contractor will honor its construction contracts and follow South Carolina law when furnishing labor, materials, or professional services.
The bond involves three parties:
- Principal: The licensed general contractor
- Obligee: The State of South Carolina
- Surety: Bonding company
A claim against a bond may be filed by any person harmed by the contractor's breach of contract or unlawful act during construction, such as a supplier left unpaid by a Charleston general contractor license Group 3 bond holder. The surety pays valid claims up to the bond amount, and the contractor is responsible for reimbursing the surety in full.
How to Get a General Contractor License Group 3 Bond
Here are the steps to secure your general contractor license Group 3 bond with NNA Surety.
- Complete the application.
- Pay the $3,000 bond premium.
- Receive your bond via email once issued.
- Submit the signed original bond to the South Carolina Contractor's Licensing Board with your license application.
Working with NNA Surety means partnering with a reliable surety provider that makes getting bonded fast and straightforward.
Apply for Your General Contractor License Group 3 Bond Today
Ready to meet your Greenville general contractor license Group 3 bond requirement? Apply with NNA Surety to lock in flat rates with no credit check, and explore related coverage across our South Carolina surety bond lineup. Complete this form or call 855-563-1401 to get bonded.