Bondable does not mean that the contractor has a license bond. All Licensed Contractors are Required to post a license bond in order to be Licensed. Bondable Actually means that the Contractor’s capital, character & capacity have been analyzed by a Surety Underwriter. The Surety Underwriter has then determined that the Contractor can perform certain types of work within established parameters. Based upon that determination, the Surety Company will issue Surety Bonds guaranteeing the Contractors performance and/or payments within the resolved guidelines.