Glendale California Faithful Performance Grading Permit Bond
Get your grading permit immediately through this surety bond!
What is a Glendale California Faithful Performance Grading Permit Bond?
It is an important requirement that must be submitted before a grading permit is issued. This bond will serve as a guarantee regarding the faithful performance of the permit applicant when performing excavation or fill work or both within the City of Glendale.
The permit applicant will be required to comply with the standards of the City of Glendale so that the work will not create a hazard to human life or endanger any properties.
The permit applicant will also be required to perform the grading work in accordance with the relevant ordinances, statutes, rules, and regulations.
This requirement is in pursuance of Chapter 15.12 of the 1995 Glendale Municipal Code.
How does a Glendale California Faithful Performance Grading Permit Bond work?
A Glendale California Faithful Performance Grading Permit Bond is a legal assurance provided by two parties to another party. The two parties being the principal (contractor/permit applicant) and the surety or the surety bond company that will issue the bond.
The obligee is the party who is requiring the assurance. The obligee will also be the beneficiary of this bond. In this case, the obligee will be the City of Glendale.
As long as the principal performs the grading work and fulfill all his contractual obligations, then no action will be taken against the bond. If the opposite happens and the principal commits a violation or misconduct, the obligee will file a bond claim to recover the amount necessary to complete the project.
How much does a Glendale California Faithful Performance Grading Permit Bond cost?
The bond cost or bond premium is the amount that the principal must pay the surety.
Bond costs will start at 1% of the total bond amount for those who have excellent credit scores.
The bond amount will be determined by the City of Glendale’s building official. The minimum bond amount will not be less than fifty percent of the total estimated cost of work, but not more than one hundred percent of the total estimated cost of work.
If you know your bond amount, you can get your FREE SURETY BOND QUOTE HERE!
How can I get a Glendale California Faithful Performance Grading Permit Bond?
- Apply for this bond. 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 to attain the best credit decision possible. To avoid any delay, please make sure to submit all the required information on time.
- Your surety bond will be issued and sent to you!
Secure your permit! APPLY FOR THIS BOND HERE!