$240 is your GOOD CREDIT PRICE for an Oregon Residential Developer Bond. This bond is also available for a 2 year term for only $300, a 2 year term for only $370 or a 4 years term for $440.
If you are engaged as a residential developer in Oregon you are required under chapter 701 of the Oregon Revised Statutes to file an Oregon Residential Developer Bond as a condition of licensure.
Bonds Express offers an Oregon Residential General Contractor License Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Oregon Residential Developer Bond holds you accountable for your business decisions.
By possessing an Oregon Residential Developer Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.