{"data":{"id":"us-or/ors-701.084","jurisdiction":"us-or","citation":"ORS 701.084","heading":"Commercial contractors; bond; insurance; responsible managing individual; key employees.","body":"(1) A commercial general contractor level 1 shall:\n      (a) Obtain a surety bond under ORS 701.068 in the amount of $80,000;\n      (b) Obtain general liability insurance under ORS 701.073 in an amount of not less than $2 million;\n      (c) Have a responsible managing individual who meets the requirements of ORS 701.091; and\n      (d) Have one or more key employees with a combined total of at least eight years of experience described in ORS 701.050.\n      (2) A commercial specialty contractor level 1 shall:\n      (a) Obtain a surety bond under ORS 701.068 in the amount of $55,000;\n      (b) Obtain general liability insurance under ORS 701.073 in an amount not less than $1 million;\n      (c) Have a responsible managing individual who meets the requirements of ORS 701.091; and\n      (d) Have one or more key employees with a combined total of at least eight years of experience described in ORS 701.050.\n      (3) A commercial general contractor level 2 shall:\n      (a) Obtain a surety bond under ORS 701.068 in the amount of $25,000;\n      (b) Obtain general liability insurance under ORS 701.073 in an amount of not less than $1 million;\n      (c) Have a responsible managing individual who meets the requirements of ORS 701.091; and\n      (d) Have one or more key employees with a combined total of at least four years of experience described in ORS 701.050.\n      (4) A commercial specialty contractor level 2 shall:\n      (a) Obtain a surety bond under ORS 701.068 in the amount of $25,000;\n      (b) Obtain general liability insurance under ORS 701.073 in an amount not less than $500,000;\n      (c) Have a responsible managing individual who meets the requirements of ORS 701.091; and\n      (d) Have one or more key employees with a combined total of at least four years of experience described in ORS 701.050.\n      (5) A commercial developer shall:\n      (a) Obtain a surety bond under ORS 701.068 in the amount of $25,000; and\n      (b) Obtain general liability insurance under ORS 701.073 in an amount not less than $500,000.","path":["17 - Occupations","52. Occupations and Professions","Chapter 701 — Construction Contractors and Contracts"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors701.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"11c04d9af84f94496f6a9a34108736cae396f182b613dec4a6ac3e9cae1a9b2d","source_id":"us-or","stale":false,"prev":"us-or/ors-701.083","next":"us-or/ors-701.085"},"notice":"GroundRules: Original legal text. Not legal advice."}