Grading Permit Surety Bonds
Grading Permit Bonds are required in some cities and counties prior to the commencement of most construction and grading related work. The permit is a contract between the city or county and the permittee that lays out the terms and conditions under which the permittee is allowed to perform specific grading related work, assuring that the work performed will be in accordance with the codes and engineering standards as required. Each city or county entity has their own requirements for grading permits and the subsequent bonding requirements.
What kind of work requires a Grading Permit Bond?
Typical types of work that may require a grading permit and subsequent bond include but are not limited to:
- Land Clearing
- Erosion and Sediment Control
- Watercourse Alterations
- Paving and Roadway
- Blasting of Rocks
- Mass, Rough and Precise grading for commercial developments, industrial developments, tract or subdivision developments as well as custom single family residential lots.
How much do Grading Permit Bonds cost?
While there are multiple underlying requirements, most surety bonding rates are based on the personal credit of the applicant(s). Premium rates are usually between 1% and 2% of the bond required. Inasmuch as Grading Permit bonds are non cancellable by the surety, they must be renewed annually until they are released by written order from the city of county specifically named on the bond. Get your free Grading Permit Bond quote today, ask about our multi-year bond option to save even more money!