In Alaska, contractors must be licensed at the state level. Purchasing a contractor license bond is a prerequisite for licensure.
Alaska’s Little Miller Act requires contractors awarded government-funded construction projects to furnish both performance bonds and payment bonds. The contracting authority may also require bid bonds in competitive bidding situations. Private project owners may also require these bonds. While these are the most common Alaska construction surety bonds, both public and private project owners may require any of the following:
- Maintenance bonds
- Subdivision/site improvement bonds
- Supply bonds
- Solar decommissioning bonds
- Right of Way bonds
- Contractor license bond
