Crook County Road Permit Bond
Crook County requires contractors and individuals who will perform construction work along the right-of-way to secure a permit from the Road Department and a performance bond. These legal compliances will be used to maintain the construction standards in the county.
The right-of-way normally includes driveway repairs, mailboxes, phones, electricity, cable, gas, private water line installations for irrigation, phone, road cuts, road boring, driveway repairs, mailboxes, signs, and utility installations. Road restorations and private improvements are also identified under the right-of-way.
These legalities are observed in order to ensure that a contractor or an individual’s work will not cause damage on the roads, endangering the public and resulting to possible accidents or more expensive repair and maintenance fees for the city.
What is the Crook County Road Permit Bond?
The Crook County Road Permit Bond will ensure that a business has secured a surety bond carrier that will initially cover the expenses in case of any licensing violation. Aside from covering the cost of the licensing breaches, the surety bond company will also be responsible for reviewing claims from the public to check for their validity.
The business will be required to compensate the surety carrier for any type of payment made as long as it is within the grounds of the bond. If the Principal fails to do so, their license may be suspended. The bond company will be ensured legal protection as the conditions for reimbursement, along with the premiums, will be detailed in writing and signed prior the issuance of the bond.
You may visit the Road Department of Crook County to know more about the right-of-way permits.
Why do you need the Crook County Road Permit Bond?
The Road Permit Bond is a pre-licensing requirement mandated by Crook County to ensure that standards are met and that any licensing breaches will be properly reimbursed. The bond also promises to help a business face the need for public compensation in potential cases of lawsuits.
Apart from the mandatory legal compliance, securing your own licensing bond also ensures:
- Clients are completely safe and secure under your agency
- Your credibility is boosted in terms of financial security
- You are able to use your full line of credit
- The confidentiality of your activities (unless requested by legal authorities)
- Your access to professional advice or counselling from lawyers, estimators, and similar professionals.
How does the bond work?
The parties in the agreement are the Principal (business and individual constructors or permittee), Obligee (State of Oregon), and Surety/Bond Company or Obligor (surety bond provider). The bond must be filed with the County of Crook and must be issued by a surety bond provider certified by the state’s Insurance Department.
How much does it cost?
The Crook County Road Permit Bond is amounted to 1.0% of the bond amount.
How can I secure the bond?
Transact with a reputable surety company today and secure your Crook County Road Permit Bond the fast and easy way. If you have more questions or are in need of more information, get in touch with us today.
Make sure you have gathered and provided accurate information on the following for the speedy processing of your application:
- Nature of your business
- Credit Score
- Financial strength
Rest assured our expert surety bond agent will guide you from the time of your application until the issuance of your bond. Once the assessment is done, we will promptly issue your bond and send it your way!