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 Colorado
Colorado has no statewide permit bond. Cities and counties set their own; for example, Aurora requires a $20,000 surety or warranty bond payable to the city for a public improvement permit, valid for two years and renewed annually.
- Aurora requires the bond to be written by a commercial financial institution or corporate surety within the metropolitan area.
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.