Oregon § 701.084 Commercial contractors; bond; insurance; responsible managing individual; key employees

Oregon Statutes

§ 701.084 — Commercial contractors; bond; insurance; responsible managing individual; key employees

Oregon § 701.084

Vol.17

Title 52Occupations and Professions

Ch. 701Construction Contractors and Contracts

This text of Oregon § 701.084 (Commercial contractors; bond; insurance; responsible managing individual; key employees) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 701.084 (2026).

Text

(1)A commercial general contractor level 1 shall:

(a)Obtain a surety bond under ORS 701.068 in the amount of $80,000;

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

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

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

(2)A commercial specialty contractor level 1 shall:

(a)Obtain a surety bond under ORS 701.068 in the amount of $55,000;

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

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

(d)Have one or more key employees with a combined total of at

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(1) A commercial general contractor level 1 shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $80,000;
(b) Obtain general liability insurance under ORS 701.073 in an amount of not less than $2 million;
(c) Have a responsible managing individual who meets the requirements of ORS 701.091; and
(d) Have one or more key employees with a combined total of at least eight years of experience described in ORS 701.050.
(2) A commercial specialty contractor level 1 shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $55,000;
(b) Obtain general liability insurance under ORS 701.073 in an amount not less than $1 million;
(c) Have a responsible managing individual who meets the requirements of ORS 701.091; and
(d) Have one or more key employees with a combined total of at least eight years of experience described in ORS 701.050.
(3) A commercial general contractor level 2 shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $25,000;
(b) Obtain general liability insurance under ORS 701.073 in an amount of not less than $1 million;
(c) Have a responsible managing individual who meets the requirements of ORS 701.091; and
(d) Have one or more key employees with a combined total of at least four years of experience described in ORS 701.050.
(4) A commercial specialty contractor level 2 shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $25,000;
(b) Obtain general liability insurance under ORS 701.073 in an amount not less than $500,000;
(c) Have a responsible managing individual who meets the requirements of ORS 701.091; and
(d) Have one or more key employees with a combined total of at least four years of experience described in ORS 701.050.
(5) A commercial developer shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $25,000; and
(b) Obtain general liability insurance under ORS 701.073 in an amount not less than $500,000.