Bond Waiver Certification - Oregon

Bond Waiver Certification is a legal document that was released by the Oregon Liquor and Cannabis Commission - a government authority operating within Oregon.

FAQ

Q: What is a Bond Waiver Certification?
A: A Bond Waiver Certification is a document that exempts contractors from having to provide a bond for a specific construction project in Oregon.

Q: Why would a contractor need a Bond Waiver Certification?
A: A contractor may need a Bond Waiver Certification if they are not able to provide a bond for a construction project, but still want to be eligible to bid on or work on the project.

Q: How can a contractor obtain a Bond Waiver Certification?
A: A contractor can obtain a Bond Waiver Certification by submitting a request to the contracting agency overseeing the project and meeting any eligibility criteria specified by the agency.

Q: Is a Bond Waiver Certification permanent?
A: No, a Bond Waiver Certification is typically only valid for the duration of the specific construction project for which it is issued.

Q: Can a contractor use a Bond Waiver Certification for multiple projects?
A: No, a Bond Waiver Certification is specific to a particular construction project and cannot be used for multiple projects.

Q: Are there any fees associated with obtaining a Bond Waiver Certification?
A: The fees associated with obtaining a Bond Waiver Certification may vary depending on the contracting agency and the specific project requirements.

Q: Can a contractor who has been granted a Bond Waiver Certification still be held liable for damages?
A: Yes, a contractor who has been granted a Bond Waiver Certification can still be held liable for damages or breaches of contract related to the construction project.

Q: Can a contractor's Bond Waiver Certification be revoked?
A: Yes, a contractor's Bond Waiver Certification can be revoked if they fail to meet the terms and conditions specified in the certification or if they are found to be in violation of any laws or regulations related to the project.

Q: Is a Bond Waiver Certification required for all construction projects in Oregon?
A: No, a Bond Waiver Certification is not required for all construction projects in Oregon. It is up to the contracting agency to determine whether a bond is required or if a waiver can be granted.

Q: Are there any alternatives to a Bond Waiver Certification?
A: Yes, contractors who are unable to provide a bond may be able to explore alternative options such as subcontracting or forming partnerships to meet the bonding requirements of a project.