Surety Bond Education

As of January 1, 2023, the City of Lago Vista now requires contractors to provide a surety bond with their permit application. The City will ask for a “Indemnity Bond or Security” in the amount of $10,000.00.  It is quick and easy to obtain a City of Lago Vista $10,000 Contractor Bond. We can help you secure this bond. The bond is valid for one year and costs $150/year. Steps to obtain $10,000 bond for City of Lago Vista: Complete our application and select Contractor License Bond in the drop down box (Application here) Pay the $150 fee We can […]

The City of Port Arthur, Texas requires a $15,000 Building Contractor’s Bond. The City requires this bond of businesses that are engaged in “erecting, constructing, enlarging, altering, repairing, moving, improving, removing, converting or demolishing buildings and structures with the City…”. How Do I Obtain This Building Contractor’s Bond? Obtaining a Port Arthur Building Contractor’s Bond is very easy. We need very basic information on your business and can issue the bond the same day. Here are some easy steps to follow to obtain your bond: Complete our online application Pay for your bond in the application process We will email […]

Are you a contractor in Texas and need a Bid Bond? If so, Schmalz & Associates would love to help! Below is some basic information about obtaining a bid bond in Texas. Introduction To Bid Bonds Often, the first step in bidding on a construction project begins with a bid bond. Bid bonds are typically 2, 5 or 10% of the bid estimate. The bid bond is essentially saying that if the contractor is low and awarded the project, they will enter into the contract at the price represented in the bid.  And that they will provide a Performance & […]

The City of Houston Texas requires a $2,000 surety bond as part of the permit application process for performing certain scopes of work. A bond may be required for the construction of a new sidewalk, driveway and/or curb and gutter. We can help secure this bond for you. How Do I Obtain A Sidewalk, Driveway, Curb and Gutter Builders Bond? Obtaining a City of Houston Sidewalk bond is a simple process. Complete our online application under “Contractor License Bond” Pay the premium We will ship the bond to you What Is The Cost? This bond has a premium of $150 […]

The City of Waco, Texas requires that contractors that need a right-of-way permit to obtain a bond. Contractor’s that need to perform work in the right-of-way must first obtain a permit. However, permits are only issued to contractors that obtain the City of Waco Cement Contractor’s Bond. Who Needs A Cement Contractor’s Bond? If you are a contractor performing work in Waco’s right-of-way, you must obtain a permit.  But to obtain the permit you must first obtain a $5,000 Cement Contractor’s Bond. Only bonded contractor’s will be issued a permit by the city. How Do I Obtain A Cement Contractor’s […]

So you are new in business as a contractor.  And you would like to be able to perform public works projects. You might ask yourself, “Can I get a bond as a new business?” In order to bid on public works projects you must provide bid security and the safest bid security is a bid bond. Can you qualify for bonds as a new business? Key Items To Qualify For Bonding As A New Business There are three important things that a surety will look at in bonding a new business: Personal Credit Score Prior Experience Financial Strength Personal Credit […]