Subdivision bonds & municipality bonds is a group of surety bonds including site improvement bonds, land improvement bonds, plat bonds, completion bonds, or simply performance bonds.
The key difference between subdivision bonds from regular contract performance bonds is that the owner/developer (the principal) has to pay the cost of building the bonded improvements rather than the public agency (the obligee).
Not all sureties write subdivision bonds. South Coast Surety and the surety companies we represent are well experienced in providing developer bond support. Give us a call today at 800-361-1720 and discuss your bonding needs with a subdivision bond specialist.
We can quickly help you with the following, at no charge:
- Contract bond line review
- Confirm you have best rate & bond line limits available