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 South Dakota
South Dakota has no statewide permit bond. Cities and counties set any bond tied to a building or work permit; for example, Sioux Falls requires permit holders to provide bonding, as required by city code, before a right-of-way permit is released.
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.