City of Irwindale Grading Permit Bond
What is the City of Irwindale Grading Permit Bond?
It is a legal promise using a third party (Surety) to guarantee the fulfillment of the grading permit holder’s obligations to the City of Irwindale.
The obligations that will be stated in the bond include the following:
- The permit holder must comply with the terms and conditions of the permit.
- The permit holder must comply with the relevant ordinance, rules, regulations, or statute.
- The permit holder must complete the grading work within the time limit specified in the grading permit.
This surety bond is not required of every grading permit applicant. It will only be required for projects in which the proposed grading involves more than 1,000 cubic yards. It will also be required in other cases where the building official deems it necessary.
If the permit holder (Principal of the Bond) fulfills all the obligations, no claim will be made against the bond. If the opposite happens, the Obligee (City of Irwindale) will make a claim against the bond to reimburse all the expenses, fees, and other amounts incurred by the Obligee due to the default of the Principal.
How much does the City of Irwindale Grading Permit Bond cost?
The bond amount will be based on the number of cubic yards of material in excavation or fill, whichever is greater, plus the cost of all drainage or other protective devices or work necessary to eliminate geotechnical hazards.
The bond amount will be determined by the building official of the City of Irwindale. Please make sure that you have determined the right bond amount before applying for this bond.
Your bond premium is the percentage of the bond amount. This will be determined by our underwriter. If you have an excellent credit score, your bond premium may be as low as 1% of the bond amount.
How to get a City of Irwindale Grading Permit Bond
The first step is to apply for this bond HERE.
We will immediately process your application as soon as we have received it. An underwriter will then evaluate the following:
- Your financial strength
- Your job/business performance history
- Your credit score
Once the pre-qualification process is fulfilled, we will execute the bond and send it to you.