Chico California Encroachment Permit for Excavation Bond
Know what this bond is for and how to get one fast!
What is a Chico California Encroachment Permit for Excavation Bond?
Before any encroachment can be can be performed within a public right-of-way or public service easement, the person shall secure a permit from the City of Chico’s Public Works Director.
A major requirement for the said permit is an Encroachment Permit for Excavation Bond.
By having this surety bond, the City of Chico will be assured of the permit holder’s compliance to the rules set forth in Chapter 14.08 of the Chico Municipal Code.
The said rules will ensure that the encroachment work will be performed properly. Some of the rules are as follows:
- The improvements will be performed in accordance with Title18R;
- The work must not obstruct or interfere with a public street, public utilities, or other facilities;
- The area must be restored to the same condition as it was in before the work was performed;
- Once the work is done, the permitee should file a plan with the City of Chico’s Public Works Director that shows the new improvements or modifications.
How does a Chico California Encroachment Permit for Excavation Bond work?
This bond is a three-party contract based on pre-determined conditions. The surety will promise to be indebted to the failure of the principal or the permit holder.
This promise will be made to the obligee. In this case, the obligee will be the City of Chico. If the principal violates the conditions of the bond resulting in a loss, the obligee will be able to recover the financial loss through a bond claim.
How much does a Chico California Encroachment Permit for Excavation Bond cost?
The bond cost will depend on the permit holder’s credit score. Bond cost starts at $100.
If the permit holder has excellent credit score, he or she will only pay 1% of the total bond amount ($10,000).
Get FREE SURETY BOND QUOTE HERE to know how much you need to pay.
How can I get a Chico California Encroachment Permit for Excavation Bond?
You can easily get one by simply applying for this surety bond! Here’s a step-by-step guide on how to get this surety bond:
Submit a surety bond application to us! Once we have received your application, we will inform you about the important information or documents that you must submit in order to move forward to the next step of the bonding process, which is underwriting.
During the underwriting process, our expert underwriter will assess the following:
- Your financial capability
- Your business or job performance history
- Your credit score
It is important to provide us with a clear and organized information to prevent any delays. Our expert underwriter will check everything that you have submitted, and once that is finished, we will immediately send the bond to you!
Get your encroachment permit ASAP! APPLY FOR THIS BOND TODAY!