Alaska HB181 sets bond requirements for contractors based on the type and scope of their work.

Alaska HB181 establishes specific bond amounts for different categories of contractors. For general contractors, the bond is $25,000. General contractors with a residential endorsement performing exclusively residential work must post a $20,000 bond. Mechanical or specialty contractors and home inspectors are required to have a $10,000 bond. Contractors working on projects with an aggregate contract price of $20,000 or less must post a $10,000 bond, or $5,000 for projects priced at $10,000 or less.

Alaska HB181 sets bond requirements for contractors based on the type and scope of their work.

Alaska HB181 establishes specific bond amounts for different categories of contractors. For general contractors, the bond is $25,000. General contractors with a residential endorsement performing exclusively residential work must post a $20,000 bond. Mechanical or specialty contractors and home inspectors are required to have a $10,000 bond. Contractors working on projects with an aggregate contract price of $20,000 or less must post a $10,000 bond, or $5,000 for projects priced at $10,000 or less.