Surety Bond in NC

[David Wales]

I am an investor who is currently acting as GC on a flip in Charlotte, NC. In NC a homeowner cannot obtain a building permit if the property is not his primary residence without first obtaining a surety bond. Had anyone else gone through this process, i assume I need a payment bond versus a bid or performance bond? Do i only need to obtain the bond for the value of the work? Any help is appreciated! David