Surety Bond Education

Category: Commercial Bonds

Surety Bond Education

City of Dallas Paving Bond

City of Dallas Paving Bond

What is a City of Dallas Paving Bond? This bond is required of any contractor performing paving work in the city limits, including driveway approaches, sidewalk, and curb & gutter. What protections does the City of Dallas Paving Bond offer? It offers financial security, protecting the City should a contractor not follow required specifications and ordnances and construct in a workmanlike manner, free from defects. It protects the City and holds it harmless against any persons or property that may have been injured in prosecuting the work. It supports maintenance of related construction for a period of five (5) years. […]
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Public Official Bond

Public Official Bond

It’s almost election time again!  And many newly elected officials will either need to renew their public official bond or obtain new public official bond.  There are a number of different positions in local and state government that will require you to post a bond once you are elected.  The purpose of the public official bond is to provide a guarantee that you will faithfully perform all of your duties as an elected official.  The bond is typically very easy to obtain especially is the amount of the bond is $50,000 or less.  Public official bonds of $50,000 or less […]
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What Is A Subdivision Bond?

What Is A Subdivision Bond?

A Subdivision Bond is a type of contract surety bond.  A Subdivision bond guarantees public improvements will be completed pursuant to the development agreement between a governing municipality and a developer. For example, if a developer wants to take a piece of raw land and break it up into residential lots for homes he or she would engage in an approval process with the governing city of county.   A civil engineer would draw up a site plan including public improvements.  Examples of public improvements are: Storm or sanitary sewer Water main Streets Curb & gutter Fire protection such as […]
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City of San Antonio Demolition License Bond

City of San Antonio Demolition License Bond

If you are a Demolition Contractor wanting to work in San Antonio, be sure to register with the city by completing their demolition contractor license registration application and provide the required $5,000 City of San Antonio Demolition License Bond and insurance. You must have your original bond and insurance in place before they issue permits. Click here to visit the City of San Antonio website for their application and more information. Remember the city will require original documentation at the time of application for city license registration, so let us help you prepare by getting your bond in place. The bond must […]
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