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Site Improvement Bond

Site Improvement Bonds are required by municipalities to ensure the completion of a project’s site work that impact the public. Sometimes referred to as an Off-site, On-Site, Right of Way or Development bond.

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What is a Site Improvement Bond?

Site Improvement Bonds, required by municipalities, are a type of contract surety bond that is required to assure the completion of a project’s site improvements as approved by the municipality’s engineers. There are several different names and types for site improvement bonds. Off-site or Right of Way bonds guarantee that utility, paving, curbing, sewer, and other improvements that are in the public right of way or that connect to the public right of ways will be completed. On-site improvement bonds, subdivision, or development bonds offer a guarantee that public site improvements such as lighting, sewer, paving, etc will be completed. Site improvement bonds protect the municipality, homeowners, and public tax dollars against developer or contractor failure.

Looking to purchase a Site Improvement Bond? Give our team a call today.




How much will a Site Improvement Bond cost?

Expect to pay between 0.5-3% of the required bond amount. Your purchase cost will vary based on the bond amount needed, qualifications of the contractor or developer, and type of work. Over the last 25 years, we have built surety relationships within the bond industry to provide you with the lowest rates and fastest approvals. Call today to see where we can help with an instant, no-obligation quote.

Why is a Site Improvement Bond required?

A Site Improvement Bond ensures a project’s site improvements will be completed to contract and engineer’s specifications, protecting the public and municipality requiring the bond.

How do I get started?

To purchase or apply for a Site Improvement Bond call our office to begin your application. Upon underwritings’ approval, we will issue your bond, send you a copy and ship the original.

Have more Site Improvement Bond questions? Call us today (877) 841 6745.

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