In the City of Lubbock, contractors are required to file a $20,000 Contractor Compliance Bond before they can receive their license and get started on construction projects. This bond is used as a guarantee that should the contractor leave a job incomplete or with faulty materials, there is a way for the injured person to get their money back.
Buy your Lubbock Contractor Bond for Jet’s low price of $10 per month or $100 per year! Our rates are locked in and available to every contractor.
Bond Term | Cost |
---|---|
Monthly | $10 |
1 Year | $100 |
Once you’ve paid for your Contractor Bond, Jet will prepare the original copy and send it where you chose: either directly to the City or to you so you can file it yourself. If you are sending the bond, you must mail it (and any additional paperwork) to:
City of Lubbock
1314 Avenue K
Lubbock, TX 79401
If you are renewing your Contractor License, you can submit all renewal documents (including your Contractor Bond) online at Citizen Self Service. Bonds have a 1-year term and you will need a current bond when submitting your license renewal.
All contractors working in the City must follow the Lubbock Code of Ordinances, especially the Building Regulations. This playbook (if you will) keeps the contractors honest and keeps them from fumbling the ball on their responsibilities.
The City might call a flag on the play if you leave your construction site incomplete, causing the City or your client to pick up the tab for finishing your duties. In a case like this, the injured party can file a claim on the Contractor Compliance Bond to be reimbursed for fixing your shortcomings.
Bond claims are no fun for anybody involved and should only be treated as a Hail Mary situation. It’ll be a headache for you, the party that hired you, the Building Safety Department, legal system, and Jet (as your surety company)—and in the end, the work will still need to be completed and you will still have to pay Jet back for any bond claims. So, it is best to be on your A-game and use good materials to avoid getting into the claims process.
Other bond or insurance requirements may be needed by contractors. In addition to the $20,000 Compliance Bond, contractors need to have a general liability insurance policy with a $100,000 minimum. House movers who have a contractor license and meet these bond and insurance requirements do not need additional bonding; however, a house mover that does not hold this bond/insurance will need the following: