Iowa requires licensing of certain specialty contractors and registration of general and other contractors. In both cases, purchasing a contractor license bond is a prerequisite.
Iowa’s “Little Miller Act” requires performance bonds and payment bonds from contractors working on state-funded public works projects estimated to be above a certain threshold in terms of value. And bid bonds may be required in competitive bidding situations. Some local jurisdictions and owners of private construction projects also require bid, performance, and payment bonds. Iowa contractors may also need to purchase other bonds, depending on the type of work being done. These may include:
- Maintenance bonds
- Subdivision/site improvement bonds
- Supply bonds
- Solar decommissioning bonds
- Right of Way bonds
- Contractor license bonds
