Fees/Payment

Initial Fees and Renewal Fees for Prequalification Application:

Aggregate Work Capacity Requested	Initial Fee	Renewal Fee
$  5,000,000.00 - or less	$600.00	$300.00
$  5,000,000.01 - $  8,000,000.00	$750.00	$375.00
$  8,000,000.01 - $ 10,000,000.00	$850.00	$425.00
$ 10,000,000.01 - $ 15,000,000.00	$1,000.00	$500.00
$ 15,000,000.01 - $ 20,000,000.00	$1,500.00	$750.00
$ 20,000,000.01 - $ 40,000,000.00	$2,000.00	$1,000.00
$ 40,000,000.01 - or more	$2,500.00	$1,250.00

Fees for adding a classification or classifications:  
$600.00 (Unless adding the classification at the time of renewal, at which point only the renewal fee is applicable).

Fees for increasing aggregate work capacity (AWC):
Fees are prorated (see examples below):

• To increase bonding capacity, subtract the initial fees. Divide number by twelve (12). Multiply by months existing on prequalification.
  • Example 1: Increase bonding capacity from $20,000,000 to $50,000,000 with six months left on prequalification: 
    - 2,500 – 1,500 = 1,000 / 12 = 83.33 x 6 = $500.00
  • Example 2: Increase bonding capacity from $2,000,000 to $8,000,000 with three months left on prequalification:
     - 750 – 600 = 150 / 12 = 12.5 x 3 = $37.50
  • Example 3: Increase bonding capacity from $100,000 to $1,000,000,000 with nine months left on prequalification:
    - 2,500 – 600 = 1,900 / 12 = 158.33 x 9 = $1,424.99