Virginia requires licensing of certain specialty contractors and registration of general and other contractors. In both cases, purchasing a contractor license bond is a prerequisite.
Virginia’s “Little Miller Act” requires performance bonds and payment bonds from contractors working on taxpayer-funded construction projects estimated to be above $100,000 value. Additionally, bid bonds may be required when such contracts are awarded through competitive bidding. And some counties and municipalities, as well as the owners of private projects, may require bid, performance, and payment bonds. Virginia contractors may also have to furnish other construction 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
