What a permit bond is
Some cities and counties require a bond before they issue a building or work permit. It guarantees you'll follow local codes and the permit conditions, and pays the agency if you don't, for example if public property is damaged.
In Alaska
Alaska has no statewide permit bond; cities and boroughs set their own. For example, the Municipality of Anchorage uses a $10,000 Construction Performance Bond for work in its rights of way, covering damage to public property and compliance with city ordinances.
You need this bond if you're
- A contractor pulling permits where the city or county requires a bond
- Demolition and house-moving contractors
- Sign, sewer and grading contractors
- Owner-builders in some jurisdictions
What the surety looks at
Basic business details and credit.