Cities and counties often require a developer to bond the public improvements in a new subdivision or site plan, like streets, sidewalks, storm drains, sewer and water lines, before they approve the final map or permits. The bond guarantees the improvements are built to the agency's standards.
The project, the engineer's cost estimate for the improvements and the developer's finances. Larger projects need financial statements.
After the agency accepts the finished improvements. Many agencies then require a smaller maintenance bond for a warranty period.
You pay a premium, not the bond amount. The surety sets the premium after it reviews your application, usually as a percentage of the bond amount. We show you the terms before you commit.
Apply once with us. We collect the details the surety needs, Propeller Bonds (our surety partner) reviews the application and issues the bond, and we help you file it with whoever requires it.
One application, reviewed by our surety partner Propeller. We show you the terms before you commit.