What the City of Los Angeles, CA Relocation Permit Bond is for
Cities, counties and districts usually ask for this bond before they issue a permit or sign off on work. It guarantees the work meets their rules and that damage to public property is put right.
The bond amount is set by the agency, utility or fund that asks for it. If the bond holder doesn't meet their obligations, a valid claim is paid up to that amount, and the bond holder repays the surety.
What the price depends on
The starting rate. An underwriter reviews your application and you see the final price before you pay.