Fencing Contract for Contractor - North Carolina 2025

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In North Carolina, general contractors must carry one of three bonds, depending on the size of the project. A limited license bond is $175,000, an intermediary license is $500,000, and an unlimited license is $1,000,000. Although these bond amounts are high, you only have to pay a fraction of the total.
They have become a regular requirement in most businesses across North Carolina. The popularity of surety bonds arises from their usefulness in guaranteeing the services offered by many businesses. In fact, most service providers licensed by the state are required to be bonded.
Some states require a contractor be bonded before obtaining a license. Without being bonded however, suing them in the event of an issue, could be a moot point as they have no guarantee they can pay which is what a bond would do.
Current laws in North Carolina define general contractors as persons, firms or corporations who bid upon, contract or construct construction projects involving the construction of any building, highway, public utilities, grading or any improvement or structure costing $40,000 or more.
What Do North Carolina Surety Bonds Cost? Surety bonds generally cost 1-15% of the required bond amount. Costs vary significantly depending on the bond amount you need and your rate (which is the percentage of the full bond amount you must pay).
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Key Elements of a Fence Contract Project Description. The contract should begin with a detailed description of the project, including the type of fence to be installed, total length, height, materials, and color. Scope of Work. Schedule and Duration. Cost and Payment Terms. Warranty and Repairs. Signatures.
(GS 87-10(a); NCAC Title 21 Chapter 12A . 0300) be at least 18 years old, possess good moral character, as determined by the Board. provide evidence of financial responsibility, as determined by the Board. submit the appropriate application fee.
The N.C.G.S. 87-1 defines a general contractor as a person, firm or corporation who manages or oversees construction projects where the cost of the project is $40,000 or greater. The State General Contractors License is not required if a project is under $40,000.

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