What is the minimum bond amount required for a Georgia general contractor license?
Correct Answer
D) $25,000
Georgia requires a minimum surety bond of $25,000 for general contractor licenses.
Why This Is the Correct Answer
Georgia requires a minimum surety bond of $25,000 for general contractor licenses. This bond protects consumers and project owners in the event the contractor fails to complete work or causes financial harm.
Why the Other Options Are Wrong
Option A: $50,000
$50,000 exceeds the required minimum. Some specialty or higher-tier licenses may carry higher bond requirements, but the standard general contractor minimum is $25,000.
Option B: $10,000
$10,000 is below the statutory minimum. This figure may be confused with bond amounts in other states or for other license classifications.
Option C: $15,000
$15,000 is also below the Georgia statutory minimum of $25,000. It does not correspond to any standard Georgia contractor bond tier.
Memory Technique
Georgia GC bond = $25,000. Interestingly, this matches the Georgia Residential Contractor Recovery Fund cap — both are $25,000. Pair them together: 'bond and recovery, both twenty-five.'
More Georgia Questions
A contractor discovers that a building permit was issued in error and the project violates setback requirements. According to Georgia regulations, what is the contractor's primary obligation?
A contractor employs workers in both construction and office roles. The construction rate is 11.2 per $100 and office rate is 0.8 per $100. Construction payroll is $85,000 and office payroll is $45,000. What is the total workers compensation premium?
Which situation would require a Georgia contractor to obtain workers' compensation insurance?
A contractor receives a stop work order from the local building official. The contractor continues working despite the order. What is the typical penalty range?
A contractor's license expires on June 30th. They submit a renewal application on July 15th. What additional requirement must they meet?
A Georgia contractor completes work valued at $15,000 on March 1st. The property owner fails to pay. What is the deadline for filing a materialman's lien?
A contractor fails to pay workers' compensation premiums and coverage lapses. An employee is injured the next day. What is the contractor's liability?
A contractor discovers that the local building official is interpreting a code provision differently than expected. What is the proper appeal process in Georgia?
A contractor's annual payroll is $450,000. If the workers compensation rate is 8.5 per $100 of payroll, what is the annual premium?
What is the threshold amount above which a contractor must be licensed in Georgia?
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A contractor's license expires on June 30th. They submit a renewal application on July 15th. What additional requirement must they meet?
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A contractor completed work on January 15th but the owner hasn't paid the $8,500 balance. The contractor wants to file a lien. Today is March 20th. What is the status of the lien rights?