Contractor Licensebonds are required by The Virginia Department Of Professional & Occupational Regulation to comply with the state, city, county, or federal government licensing requirements. The obligee is the government entity requiring you to get the bond. There are a variety of types of surety bonds, each with its own requirements and uses. Each entity has their own Contractor License Bond Form, so you will need a different Contractor License bond for each state you will be transacting business in.