What a right-of-way bond is
Work in a public street, sidewalk or highway usually needs an encroachment or right-of-way permit, and many agencies require a bond with it. The bond guarantees you'll follow the permit conditions and restore the right of way when you're done.
In Florida
FDOT issues utility permits for state highway right of way under Fla. Admin. Code R. 14-46.001 and its Utility Accommodation Manual, which does not set a statewide permit bond. Cities and counties set bonds for their streets; for example, Miami Beach requires a $500 minimum sidewalk bond or security deposit for soil-boring permits.
You need this bond if you're
- Utility, fiber and telecom contractors
- Contractors cutting curbs or building driveways
- Sewer and water lateral contractors
- Anyone placing equipment or materials in a public street
What the surety looks at
Basic business details and credit. Large or long-term permits can need more.