Arkansas Contractor Bond in Lieu of Financial Statement
What it is & who requires it
Arkansas commercial contractors who satisfy the Contractors Licensing Board financial-responsibility requirement by posting a surety bond instead of filing the CPA-prepared financial statement showing the net worth required for their license classification. Because the bond is an optional co-equal alternative whose amount is keyed to the classification's net-worth requirement, it is carried LISTED.
Obligee: Arkansas Contractors Licensing Board. Citation: A.C.A. § 17-25-401 et seq.; AR CLB Rules (Act 150) net-worth requirement, Rule 224-25-6.
Bond amount
Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
How to get it
This bond issues online — get bonded through our portal, usually in a single sitting once you confirm the bond, amount, and obligee.
Term & renewal
Term: Held while the license is maintained, when the bond is posted in lieu of demonstrating the required net worth for the classification.
Renewal: Maintained with the license; releases when proof of the required net worth/financial responsibility is filed.
Filing
Filed with the Arkansas Contractors Licensing Board as an optional alternative to documenting the net worth required for your license classification. It sits alongside — and does not replace — the mandatory commercial contractor bond. Because the amount is keyed to the classification’s net-worth requirement, the bond is listed and the exact amount is confirmed when you apply. Authority: A.C.A. § 17-25-401 et seq.; CLB Rules (Act 150), Rule 224-25-6.
Source
This bond requirement is corroborated by multiple public sources; Arkansas Contractors Licensing Board sets the exact amount, which we confirm when you start your bond.
Related Arkansas bonds
Frequently asked questions
- Who requires the Arkansas Contractor Bond in Lieu of Financial Statement?
- It’s required by Arkansas Contractors Licensing Board (A.C.A. § 17-25-401 et seq.; AR CLB Rules (Act 150) net-worth requirement, Rule 224-25-6). Arkansas commercial contractors who satisfy the Contractors Licensing Board financial-responsibility requirement by posting a surety bond instead of filing the CPA-prepared financial statement showing the net worth required for their license classification. Because the bond is an optional co-equal alternative whose amount is keyed to the classification's net-worth requirement, it is carried LISTED.
- How much is the Arkansas Contractor Bond in Lieu of Financial Statement?
- Set by the obligee — the exact amount is confirmed automatically when you start your bond in our portal, or call 317-942-0549.
- How do I get the Arkansas Contractor Bond in Lieu of Financial Statement?
- This bond issues online — get bonded through our portal, usually in a single sitting once you confirm the bond, amount, and obligee.
- What is the term?
- Held while the license is maintained, when the bond is posted in lieu of demonstrating the required net worth for the classification. Renewal: Maintained with the license; releases when proof of the required net worth/financial responsibility is filed.
- Is this bond insurance for me?
- No. It protects the obligee and the public — not you. If a valid claim is paid, you repay the surety.
- How is this requirement verified?
- This bond requirement is corroborated by multiple public sources. The obligee sets the exact amount, which we confirm automatically when you start your bond in the portal or with a producer.
