$240 is your GOOD CREDIT PRICE for an Oregon Commercial Specialty Contractor Level 2 Bond. This bond is also available for a 2 year term for only $300, a 2 year term for only $370 or a 4 years term for $440.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Oregon Commercial Specialty Contractor Level 2 Bond holds you accountable for your business decisions.
By possessing an Oregon Commercial Specialty Contractor Level 2 Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.