Washington County Utility Installation Permit Bond
Utility installations or repairs done in the public right-of-way in Washington County – including roads, highways, buildings, structures and other government-owned areas – require a utility installation permit from the county’s Operations Division prior the beginning of the project. Under the ORS 314.310, permits must be issued before the performance of public construction works along state roads, including the Washington County Utility Installation Permit Bond.
What is the Washington County Utility Installation Permit Bond?
The bond is a prerequisite for any constructions that will be done along the right-of-way in Washington County. It is required to take a right-of-way permit before the performance of any utility installation. This is to ensure that the work done will adhere to the standards set by the county and is done safely. More information about Washington County’s permits can be seen through their list of permits.
Why do you need the Washington County Utility Installation Permit Bond?
The bond is a prerequisite prior the beginning of any construction and is a guarantee that the contractors will adhere to the rules of Washington County for performance along the right-of-way.
Aside from the legal compliance, applicants will also reap the following benefits from the bond:
- Guaranteed the good reputation of your company
- Financial security and credential boost
- Available full line of credit
- Confidentiality of your transactions - unless required by law
- Access to professional advice or counseling from lawyers, estimators, and similar professionals.
How does the Washington County Utility Installation Permit Bond work?
The parties in the agreement are the Principal (business), Obligee (County of Washington), and Surety/Bond Company or Obligor (surety bond carrier). The bond must be filed with the Washington County and must be issued by a surety bond provider certified by Oregon’s Insurance Department.
The Surety Company will guarantee the compensation (performance bond) of the Obligee in case the Principal fails to deliver agreed upon services or violate any licensing provisions. The Surety Company will receive and assess the validity of all public claims where claims may only amount to the total penal sum arranged in the bond form. The Principal shall reimburse all expenses covered by the Surety Company.
How much does it cost?
For those planning to secure the bond, you may expect it to be priced around 0.5% of the total bond amount. The following factors will affect the bond cost:
- Applicant’s credit score
- Industry experience
- Business history
- Surety provider’s background.
How can I secure the bond?
Get your Washington County Utility Installation Permit Bond quickly and hassle-free by transacting with a reputable surety company. Get in touch with us today to get your surety bond related questions answered and to secure proper licensing in no time.
For the speedy processing and issuance of your bond, make sure you gather and provide the following information as accurately as possible:
- Nature of your business
- Credit Score
- Financial strength
Rest assured our expert surety bond agents 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!