Alameda California Streets and Highways Permit Bond
Secure your Streets and Highways Permit through this bond! Find out how!
What is an Alameda County Streets and Highways Permit Bond?
Persons who are planning to perform any alteration including excavation to the streets and highways of the County of Alameda are required to procure a surety bond.
The bond must be submitted to the Director of Public Works and Road Commissioner of the County of Alameda along with the rest of the permit requirements.
An Alameda California Streets and Highways Permit Bond is set in place to ensure that the permit applicant will comply with everything that’s listed in Chapter 1 of Title 5 of the Alameda County Ordinance Code.
As part of the bond’s condition, the permit applicant is required to comply with all the applicable county regulations and operating procedures as well.
How does the County of Alameda Streets and Highways Permit bond work?
Alameda California Streets and Highways Permit Bond will serve as a legal promise by the Principal (permit applicant) to the Obligee (County of Alameda) that the predetermined set of conditions of the permit will be met.
The surety (surety bond provider) will be liable along with the principal if the latter fails to fulfill his or her obligations.
If a misconduct or violation is committed by the principal, the obligee can be justly compensated by filing a bond claim.
How much does an Alameda County Streets and Highways Permit bond cost?
The bond premium or the bond cost can be as low as 1% of the bond amount.
The bond amount will be a case-by-case basis. It will be determined by the Director of Public Works and Road Commissioner of the County of Alameda.
When determining the bond amount, the Director will make sure that it is sufficient enough to cover the expenses that the County of Alameda will incur in restoring the affected street or highway in case the principal fails to do so.
If you have an excellent credit score, you will be eligible to pay for a low bond premium!
Check out what you need to pay by getting your FREE SURETY BOND QUOTE HERE!
How can I get an Alameda County Streets and Highways Permit Bond?
Follow these simple steps to get bonded:
SEND US A BOND APPLICATION – We begin the bonding process with an application. You may send your application for this bond HERE!
UNDERWRITING – Once we have received your application, an underwriter will ask you to submit the following important requirements:
- Proof of your financial capability
- Your business’ history
- Your credit score
In order to avoid any delay, make sure that your requirements are complete prior to submitting them.
ISSUANCE – As soon as the underwriter has completed the necessary in-depth check, you will be asked to sign an indemnity agreement. After that, the bond will be issued and sent to you!
Ready to start? APPLY NOW! Let’s secure the success of your project together!