City of Albuquerque, New Mexico - Contractor's Excavation Bond
Excavation Contractor - Compliance Only
Overview
What it is.
Excavation Contractor - Compliance Only
Who usually needs it
Contractors performing excavation work within the City of Albuquerque's right-of-way, particularly those holding New Mexico state licenses such as GF-09, GF-98, MM-98, EL-01, or EE-98, must obtain this $10,000 bond to secure permits for trenching or digging in public places like streets or rights-of-way. This applies to excavation contractors including gene…
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 j…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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.
StateNMBond amount$10,000ObligeeCity of Albuquerque, New MexicoBond classPermit BondCategoryOtherBondCity of Albuquerque, New Mexico - Contractor's Excavation BondPlain descriptionExcavation Contractor - Compliance OnlyWho needs this bondContractors performing excavation work within the City of Albuquerque's right-of-way, particularly those holding New Mexico state licenses such as GF-09, GF-98, MM-98, EL-01, or EE-98, must obtain this $10,000 bond to s…
