South Dakota Contractor License Bonds
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What Is a South Dakota Contractor License Bond?
A South Dakota contractor bond is a type of surety bond that reinforces licensing compliance by requiring contractors to follow local and state construction laws, such as:
- Completing work according to building codes
- Upholding contracts as promised
- Paying taxes in full and on time
- Taking proper safety precautions to protect the public
There are various surety bonds required for contractor licensing across the state. Each bond must be filed with the appropriate licensing authority before you can receive a South Dakota contractor license.
How Much Does a South Dakota Contractor Bond Cost?
South Dakota contractor bond costs start at $100 annually. Your exact premium will vary depending on the contractor license type you need and its required bond amount. Some South Dakota contractor bond types require a quick application review to determine your personal surety bond cost.
How Do I Get a South Dakota Contractor License Bond?
You can purchase or apply for your South Dakota contractor license bond online 24/7. Simply select the bond type you need and provide your contractor name, address, and license type for filing approval from your licensing authority. Once your payment has been processed, you'll receive your construction bonding confirmation by email.
How Fast Can I Get a Contractor License Surety Bond in South Dakota?
Our industry-leading technology and responsive customer service team allow us to deliver your official South Dakota contractor bond faster than any other surety provider. If your licensing authority requires your official South Dakota surety bond be physically issued and delivered to you, we'll ship it to your preferred mailing address.
If you have questions about South Dakota contractor license bond requirements, call 1 (800) 308-4358 to speak with a friendly surety expert. We're here to guide you through the contractor bond process so you can get back to running your business.
How Do South Dakota Contractor Bonds Work?
By filing a bond for contractor licensing in South Dakota, you agree to complete your construction work according to any applicable laws. If you fail to do so, your issuing surety company will pay valid claims to harmed parties up to the full bond amount, which you must reimburse.
We also offer North Dakota contractor license bonds if you work across state lines.
Who Needs a Contractor License in South Dakota?
- The South Dakota Department of Revenue enforces the state's Contractor’s Excise Tax License Bond requirement.
- The South Dakota State Electrical Commission enforces the state's Electrical Contractors or Class B Electricians Bond requirement.
- The Sioux Falls Planning and Development Services enforces the city's contractor licensing surety bond requirements.
If you need a different contractor license bond not listed, please call 1 (800) 308-4358 and one of our friendly surety experts will be happy to help!
Need a Surety Bond for a Construction Project in South Dakota?
South Dakota contractor bonds are required for state licensing compliance. If you need a surety bond before you can begin work on an individual contracted project, you might need a payment bond, performance bond or another type of contract bond.
How Do I Become a Licensed Contractor in South Dakota?
Individual cities and counties in South Dakota enforce their own contractor license requirements. If you're unsure if your city or county enforces contractor license or surety bond requirements, contact your local licensing office.
Sioux Falls South Dakota Contractor License Instructions
- Determine the license type you need: building contractor, electrical contractor, mechanical contractor, master plumber contractor, or sign and outdoor advertising contractor.
- Pass the related examination (not required for sign and outdoor advertising contractors).
- Purchase and file your Sioux Falls contractor bond.
- Purchase $300,000 of limited liability insurance (only required for building contractors and sign and outdoor advertising contractors).
- Complete your license application. Find available applications below in our Additional Resources section.
- Pay your license fees.
Construction supervisors must complete an hour of training each period.
South Dakota Electrician License Instructions
- Fill out your Electrician License Application.
- Verify you meet all experience requirements listed in the application.
- Purchase and file a surety bond, if applicable.
- Pay the required $60 application fee and license fees in the appropriate amount.
- Pass the examination.
South Dakota Excise Tax Contractor License Instructions
Create an online account with the Department of Revenue and complete all contractor's excise requirements.
More Resources
- Electrical Commission: Electrical Contractors or Class B Electricians Bond Form
- Sioux Falls: Application for Electrical Contractor’s License
- Sioux Falls: Application for Master Plumber’s License
- Sioux Falls: Application for Mechanical License
- Sioux Falls: Application for Residential Building Contractor’s License
- Sioux Falls: Application for Sign and Outdoor Advertising License
- Sioux Falls: Contractor Licensing
Have Questions?
Call 1 (800) 308-4358 to talk with a Surety Expert today.