Beverly Hills California Grading Permit Bond
Secure your grading permit through this surety bond!
What is a Beverly Hills California Grading Permit Bond?
The city building official of Beverly Hills requires persons performing grading projects to post a bond before a grading permit is issued. Those who are performing excavation and fill work are required to submit a sufficient bond along with other grading permit requirements to the Department of Building and Safety of the City of Beverly Hills.
The reason for this bond is to ensure the adherence of the permit holder to the terms of the permit. This includes conforming to the relevant ordinances, rules, regulations, and statutes.
Another reason is to ensure the safety of the people, nearby buildings, the street where the project is located, and any other public property if the project remains in an uncompleted state.
This requirement is in accordance with Title 9, Chapter 1, Article 2 of the Beverly Hills Municipal Code.
How does a Beverly Hills California Grading Permit Bond work?
A surety bond is a three-party agreement.
- Principal – project owner
- Obligee – the City of Beverly Hills
- Surety – the party who will issue the bond
This bond will protect the obligee against losses if the principal violates any of his or her contractual obligations. This includes Sections 9-1-201 to 9-1-203 of the Beverly Hills Municipal Code violations.
The bond will remain void if the principal completes the project without any violation.
If the opposite happens, the obligee will seek compensation for the losses incurred by filing a claim against the bond.
How much does a Beverly Hills California Grading Permit Bond cost?
The bond premium or the bond cost that the principal must pay will be a percentage of the bond amount, and not the entire bond amount.
The bond amount varies. This will be determined by the Department of Building and Safety of the City of Beverly Hills.
The bond amount should be enough to cover certain costs if the work and other obligations that is required of the principal is not properly performed.
Those who have excellent credit scores will be able to pay as little as 1% of the bond amount!
How can I get a Beverly Hills California Grading Permit Bond?
Here’s how to do get bonded:
- You have to send an application to us. If you are ready to do that now, you may APPLY HERE!
- After we have received your application, we will ask you to submit the necessary information needed for the underwriting process. These are the following:
- Your financial capability
- Your business or job performance history
- Your credit score
An expert underwriter will carefully evaluate all three in order to attain the best credit decision possible. To avoid any delay, the information that you should submit should be organized and concise.
- Your surety bond will be issued and sent to you!
Fast approval. Fast service. APPLY HERE!