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 Arkansas
Arkansas has no statewide permit bond. Cities set their own rules; for example, a 2018 Little Rock street cut ordinance requires a surety bond, in an amount the City Manager sets, before a permit to excavate, cut or bore in the public right of way is issued.
- The Little Rock source is the ordinance as presented to the Board of Directors on October 1, 2018.
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.