New contractors, out-of-state contractors without a principal business location in Arizona, certain prime contractors who have construction contracts valued at $50,000, dealers of manufactured homes, and those contractors who have been delinquent in paying Arizona taxes:
- Bond amount: $2,000 - $22,000
- 1.5% and up of the total cost
- Bond can be as low as $175
- 2-year term for new contractors; 2-year term for delinquent taxpayers if they maintain good filing practices and payment records
Factors that determine bond amount include the contract's gross value, the land value in the contract, and the overall volume of work.