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It is a notice sent to you for your protection in compliance with the construction lien laws of the State of Oregon.
Residential Contractor License: Permits you to work on residential projects and small commercial projects (if they cost less than $250,000 and the structure area is less than 10,000 square feet). Commercial Contractor License: Allows you to work on all types of commercial structures.
What is a Washington Notice of Intent? A Notice of Intent in Washington state is a document that commercial subcontractors and material suppliers must send to property owners within 60 days of first furnishing to protect their lien rights.
Under Oregon law, owners must make progress payments no later than 14 days after the date billing is received, and they have only 7 days to make the final payment after work is approved. However, these deadlines only apply to private projects.
ORS 279C. 580(3)(a) obligates the Contractor to pay their Subcontractors for their Work within 10 Calendar Days after they receive payment for such Work from the Agency. That provision must be included in each subcontract.

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Typically, a deposit or advance payment of up to 50% of the total project cost is requested by contractors. However, the exact amount can vary depending on the type and scope of the project, as well as the contractors policies.
This Oregon Notice of Completion/Abandonment form is generally recorded at the completion of work on a private construction project, or after abandonment of the project (75 days of cessation of labor). This notice must be posted on the job site and subsequently filed in the county recorders office.
You only need a license in Oregon if you plan to perform certain types of jobs that go beyond the scope of minor repairs. If your work will become a finished part of the structure (such as replacing flooring in an entire room) and the total for the project exceeds $1,000, you must have a general contractor license.

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