Arkansas requires certain contractors to be licensed at the state level, which entails purchasing a contractor license bond.
Under the state’s version of the federal Miller Act, both performance bonds and payment bonds are required for certain taxpayer-funded construction projects. When contractors are selected through competitive bidding, the contracting authority may also require bid bonds. It is not uncommon for private project owners to require bid bonds as well as performance and payment bonds. While these are the most common Arkansas 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
