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Platinum Bonds Insurance Agency

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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…

Bond amountVaries by license type or project
State or jurisdictionMassachusetts
ObligeeCommonwealth of Massachusetts

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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2323 yearsHelping clients and agents
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 on risk factors. Contact us for a specific quote.

Your quote determines the actual premium.

Typical timeframe

Credit-based approval — varies by bond type

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.

Platinum Bonds

Experience behind every bond.

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

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“My bond application was processed and received very quickly.”

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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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