Oregon Statutes 701.084 – Commercial contractors; bond; insurance; responsible managing individual; key employees
(1) A commercial general contractor level 1 shall:
Terms Used In Oregon Statutes 701.084
- Commercial developer: means a developer of property that is zoned for or intended for use compatible with a small commercial or large commercial structure. See Oregon Statutes 701.005
- Contractor: means any of the following:
(a) A person that, for compensation or with the intent to sell, arranges or undertakes or offers to undertake or submits a bid to construct, alter, repair, add to, subtract from, improve, inspect, move, wreck or demolish, for another, a building, highway, road, railroad, excavation or other structure, project, development or improvement attached to real estate, or to do any part thereof. See Oregon Statutes 701.005
- General contractor: means a contractor whose business operations require the use of more than two unrelated building trades or crafts that the contractor supervises or performs in whole or part, whenever the sum of all contracts on any single property, including materials and labor, exceeds an amount established by rule by the board. See Oregon Statutes 701.005
- Responsible managing individual: means an individual who:
(a) Is an owner described in ORS § 701. See Oregon Statutes 701.005
- Specialty contractor: includes a person who performs work regulated under ORS § 446. See Oregon Statutes 701.005
(a) Obtain a surety bond under ORS § 701.068 in the amount of $80,000;
(b) Obtain general liability insurance under ORS § 701.073 in an amount of not less than $2 million;
(c) Have a responsible managing individual who meets the requirements of ORS § 701.091; and
(d) Have one or more key employees with a combined total of at least eight years of experience described in ORS § 701.050.
(2) A commercial specialty contractor level 1 shall:
(a) Obtain a surety bond under ORS § 701.068 in the amount of $55,000;
(b) Obtain general liability insurance under ORS § 701.073 in an amount not less than $1 million;
(c) Have a responsible managing individual who meets the requirements of ORS § 701.091; and
(d) Have one or more key employees with a combined total of at least eight years of experience described in ORS § 701.050.
(3) A commercial general contractor level 2 shall:
(a) Obtain a surety bond under ORS § 701.068 in the amount of $25,000;
(b) Obtain general liability insurance under ORS § 701.073 in an amount of not less than $1 million;
(c) Have a responsible managing individual who meets the requirements of ORS § 701.091; and
(d) Have one or more key employees with a combined total of at least four years of experience described in ORS § 701.050.
(4) A commercial specialty contractor level 2 shall:
(a) Obtain a surety bond under ORS § 701.068 in the amount of $25,000;
(b) Obtain general liability insurance under ORS § 701.073 in an amount not less than $500,000;
(c) Have a responsible managing individual who meets the requirements of ORS § 701.091; and
(d) Have one or more key employees with a combined total of at least four years of experience described in ORS § 701.050.
(5) A commercial developer shall:
(a) Obtain a surety bond under ORS § 701.068 in the amount of $25,000; and
(b) Obtain general liability insurance under ORS § 701.073 in an amount not less than $500,000. [2007 c.836 § 4; 2008 c.5 § 1; 2023 c.254 § 2]
[1971 c.740 § 10; 1975 c.383 § 4; 1975 c.721 § 3; 1979 c.874 § 2; 1981 c.618 § 1; 1983 c.616 § 10; 1989 c.430 § 3; 1989 c.624 § 3; 1989 c.928 § 10; 1991 c.181 § 4; 1995 c.771 § 2; 1997 c.301 § 2; 1999 c.325 § 3; 1999 c.344 § 2; 1999 c.402 § 21a; 2001 c.157 § 1; 2001 c.196 § 6; 2001 c.197 § 12; 2003 c.675 § 74; 2007 c.648 § 22; 2007 c.793 § 7; 2007 c.836 § 61; renumbered 701.068 in 2007]