Washington Administrative Code(WAC) and Revised Code of Washington (RCW) Electrical Practice Exam

What amount must a contractor post as a bond to obtain a license?

1. $1000

2. $2000

3. $4000

4. $10000

The correct answer is: $4000

To obtain a contractor's license in Washington, a contractor is required to post a bond as part of the licensing process. The amount specified for this bond is $4,000. This requirement helps ensure that contractors adhere to the standards and regulations set forth by the state, providing a level of financial security for potential clients in case of violations or failure to meet contracted obligations. This bond acts as a safeguard for consumers, ensuring that they have a means of compensation if the contractor engages in dishonest or unethical practices, fails to complete a project, or does not comply with the relevant laws and regulations. The specified bond amount is not arbitrary; it reflects a balance between accessibility for contractors seeking licensure and the need for consumer protection. In contrast, amounts such as $1,000, $2,000, or $10,000 do not align with the established requirements under the state's licensing laws, reflecting either insufficient or excessive financial assurance in relation to typical contracting practices. Therefore, the accurate bond amount for a contractor to post when obtaining a license is indeed $4,000.