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$50,000 Performance Bond for Excavation Work in Public Right of Way

This bond is required for contractors who perform excavation or digging work in public streets, sidewalks, or other city-owned areas in Bloomington, Minnesota. The city requires this $50,000 bond to protect taxpayers and ensure the contractor properly completes the work and fixes any damage caused during excavation. I…

Bond amount$50,000
State or jurisdictionMinnesota
ObligeeCity of Bloomington, Minnesota

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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Overview

What it is.

This bond is required for contractors who perform excavation or digging work in public streets, sidewalks, or other city-owned areas in Bloomington, Minnesota. The city requires this $50,000 bond to protect taxpayers and ensure the contractor properly completes the work and fixes any damage caused during excavation. I…

Who usually needs it

Right-of-way users who elect to restore the right-of-way after excavation work in Minnesota may be required by local government units to obtain a construction performance bond at the time of permit application. The bond amount is reasonably estimated to cover the cost to restore the right-of-way to its pre-excavation condition.

Pricing & timing

What to expect.

Generic pricing

Permit bonds are required for specific activities, construction projects, or business operations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger permit bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Many common permit bonds qualify for instant approval with no underwriting required. Requirements vary by jurisdiction and permit type.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Helpful guidance, a real agency team, and a clear path from research to application.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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