Contra Costa Health Services Well Driller Performance Bond
Get your well driller permit through this surety bond!
What is a Contra Costa Health Services Well Driller Performance Bond?
Those who will construct, reconstruct, or destroy a well within Contra Costa County in California are required to get this performance bond.
This bond is one of the requirements when obtaining a well driller permit from the Contra Costa Environmental Health Division.
A performance bond guarantees the performance of the contractor. It is needed to ensure that the contractor will abide by the standards of the county and the state that pertains to well construction. The standards are aimed at preserving the quality of underground waters thereby protecting the health of the public.
Once you have obtained this bond, you have to submit it to the Contra Costa Environmental Health Division along with the plot plan and proposed method of work.
How does a Contra Costa Health Services Well Driller Performance Bond work?
This performance bond will be an agreement between the following parties:
Principal – contractor or permit applicant
Obligee – Contra Costa Health Services
Surety – surety bond provider
As long as the principal performs the obligations according to the rules and regulations stated in the bond agreement, then no action will be made against the bond. If the principal commits a misconduct, a claim can be made.
The beneficiary of the claim will be the obligee. The role of the surety is to guarantee the performance of the principal and to ensure that the obligee will be compensated if needed.
How much does a Contra Costa Health Services Well Driller Performance Bond cost?
The bond cots will be a percentage of the bond amount. The bond amount is $5,000.
Bond costs will depend on the principal’s credit score. If the principal has excellent credit score, he or she will only pay as low as 2% of the bond amount, or $100.
How can I get a Contra Costa Health Services Well Driller Performance Bond?
Here’s a step-by-step bonding process that we have made easier so that you can get your bond in no time:
You must first apply for this type of surety bond. If you are ready to do this now, you may APPLY HERE!
Our expert surety bond agent will guide you through the entire process – from the time you have applied until the bond is issued to you.
Next, you will be asked to submit a few important information that our underwriter will need to assess the following:
- Your job or business history
- Your credit score
- Your financial strength
To avoid any delays, make sure that you have gathered the right information needed prior to submitting.
Once the underwriting process is done, we will immediately issue your bond and send it to you right away!
Get your performance bond immediately? Apply now! START HERE!