2015 ORS 701.084¹
Commercial contractors
  • bond
  • insurance
  • responsible managing individual
  • key employees

(1) A commercial general contractor level 1 shall:

(a) Obtain a surety bond under ORS 701.068 (Bonding requirements) in the amount of $75,000;

(b) Obtain general liability insurance under ORS 701.073 (Insurance required of licensed contractors) in an amount of not less than $2 million;

(c) Have a responsible managing individual who meets the requirements of ORS 701.091 (Responsible managing individual); and

(d) Have one or more key employees with a combined total of at least eight years of experience described in ORS 701.050 (Commercial contractor key employees).

(2) A commercial specialty contractor level 1 shall:

(a) Obtain a surety bond under ORS 701.068 (Bonding requirements) in the amount of $50,000;

(b) Obtain general liability insurance under ORS 701.073 (Insurance required of licensed contractors) in an amount not less than $1 million;

(c) Have a responsible managing individual who meets the requirements of ORS 701.091 (Responsible managing individual); and

(d) Have one or more key employees with a combined total of at least eight years of experience described in ORS 701.050 (Commercial contractor key employees).

(3) A commercial general contractor level 2 shall:

(a) Obtain a surety bond under ORS 701.068 (Bonding requirements) in the amount of $20,000;

(b) Obtain general liability insurance under ORS 701.073 (Insurance required of licensed contractors) in an amount of not less than $1 million;

(c) Have a responsible managing individual who meets the requirements of ORS 701.091 (Responsible managing individual); and

(d) Have one or more key employees with a combined total of at least four years of experience described in ORS 701.050 (Commercial contractor key employees).

(4) A commercial specialty contractor level 2 shall:

(a) Obtain a surety bond under ORS 701.068 (Bonding requirements) in the amount of $20,000;

(b) Obtain general liability insurance under ORS 701.073 (Insurance required of licensed contractors) in an amount not less than $500,000;

(c) Have a responsible managing individual who meets the requirements of ORS 701.091 (Responsible managing individual); and

(d) Have one or more key employees with a combined total of at least four years of experience described in ORS 701.050 (Commercial contractor key employees).

(5) A commercial developer shall:

(a) Obtain a surety bond under ORS 701.068 (Bonding requirements) in the amount of $20,000; and

(b) Obtain general liability insurance under ORS 701.073 (Insurance required of licensed contractors) in an amount not less than $500,000. [2007 c.836 §4; 2008 c.5 §1]

Chapter 701

Notes of Decisions

This is a remedial statute made for the protec­tion of the building business and of people dealing with builders who might be irresponsible; it should be read as a whole and liberally construed to accomplish its purpose. Robinson v. Builders Bd., 20 Or App 340, 531 P2d 752 (1975)

Atty. Gen. Opinions

Lack of authority for director to appoint executive secretary for board, (1971) Vol 35, p 930; inap­pli­ca­bil­i­ty of this chapter to business of construc­tion or installa­tion of fences, sidewalks, septic tanks, wells and underground sprinkling systems, (1972) Vol 35, p 1278; mobile home as per­sonal or real prop­erty under this chapter, (1972) Vol 36, p 41; applica­tion of Homebuilders Law to mobile homes, (1978) Vol 38, p 693


1 Legislative Counsel Committee, CHAPTER 701—Construction Contractors and Contracts, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors701.­html (2015) (last ac­cessed Jul. 16, 2016).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2015, Chapter 701, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano701.­html (2015) (last ac­cessed Jul. 16, 2016).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.