In Maryland, certain types of contractors are licensed at the state level, and some municipalities may have their own licensing requirements. Obtaining a contractor license bond may be a prerequisite for state or local licensing.
Maryland’s “Little Miller Act” requires performance bonds and payment bonds for state-funded construction projects valued above $100,000. Many private project owners also require performance and payment bonds.
Other construction bonds that may be required by both public and private project owners include:
- Maintenance bonds
- Subdivision/site improvement bonds
- Supply bonds
- Solar decommissioning bonds
- Right of Way bonds
- Contractor license bond
