Blanket Deposit Bond for Division of Capital Asset Management and Maintenance
This bond is required for contractors and vendors who work on construction or maintenance projects overseen by Massachusetts' Division of Capital Asset Management and Maintenance (DCAMM). It acts as a financial guarantee that the contractor will properly handle any money they receive as deposits or advance payments fo…
Overview
What it is.
This bond is required for contractors and vendors who work on construction or maintenance projects overseen by Massachusetts' Division of Capital Asset Management and Maintenance (DCAMM). It acts as a financial guarantee that the contractor will properly handle any money they receive as deposits or advance payments fo…
Who usually needs it
Contractors and construction firms seeking to bid on or execute public construction contracts with the Massachusetts Division of Capital Asset Management and Maintenance (DCAMM) need this bond. It applies specifically to those involved in DCAMM-managed projects, such as vertical construction projects certified for bidding under M.G.L. Chapters 149, 149A, an…
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger 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. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateMABond amountVaries by license type or projectObligeeCommonwealth of MassachusettsBond classMiscellaneous CommercialCategoryOtherBondBlanket Deposit Bond for Division of Capital Asset Management and MaintenancePlain descriptionThis bond is required for contractors and vendors who work on construction or maintenance projects overseen by Massachusetts' Division of Capital Asset Management and Maintenance (DCAMM). It acts as a financial guarante…Who needs this bondContractors and construction firms seeking to bid on or execute public construction contracts with the Massachusetts Division of Capital Asset Management and Maintenance (DCAMM) need this bond. It applies specifically t…
