Los Angeles California Sewer/Storm Drain Connection Permit Bond
Secure your permit through this surety bond! Easy application! Fast service!
What is a Los Angeles California Sewer/Storm Drain Connection Permit Bond?
Before any person or business entity can make sanitary sewer house connections or storm drain connections, the said person or business entity must apply for a Sewer/Storm Drain Connection Permit first. One of the most important requirements of the said permit is a surety bond.
This bond will serve as a guarantee regarding the compliance of the permit applicant to the relevant laws such as Sections 64.11, 64.12 to 64.22 of the Los Angeles Municipal Code.
Aside from that, the permit applicant is required to comply with the conditions set forth by the Board of Public Works of the City of Los Angeles.
How does a Los Angeles California Sewer/Storm Drain Connection Permit Bond work?
A surety bond is a financial protection tool wherein two parties will partner for the benefit of a third party. The first party is the Sewer/Storm Drain Connection Permit applicant or the Principal of the bond. The City of Los Angeles is the second party and will be known as the Obligee. The third party is the Surety or the surety bond company that will issue the bond.
The Principal is responsible for fulfilling a set of pre-determined contractual duties. Along with the Surety, the Principal will be indebted to the Obligee. If the Principal commits a violation, the Surety will assume the responsibility of settling a claim made by the Obligee if the Principal cannot do it. Under the bond’s agreement, the Principal must reimburse the Surety the full amount that the latter paid.
How much does a Los Angeles California Sewer/Storm Drain Connection Permit Bond cost?
The bond cost will vary per permit applicant. This will depend on the permit applicant’s credit score.
The bond cost ranges from 0.5% to 5% of the total bond amount. The bond amount is $28,400.
Know what you need to pay right now! GET YOUR FREE QUOTE HERE today!
How can I get a Los Angeles California Sewer/Storm Drain Connection Permit Bond?
Here’s a step-by-step bonding process that we have made easier so that you can get your bond in no time:
BOND APPLICATION
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.
ASSESSMENT
Next, you will be asked to submit a few important pieces of 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 before submitting.
BOND ISSUANCE
Once the underwriting process is done, we will immediately issue your bond and send it to you right away!
Ready to apply? START HERE!
