City of Bainbridge Island, Washington - Restoration Performance Bond
General Contractor - Bond runs to Municipality
Overview
What it is.
General Contractor - Bond runs to Municipality
Who usually needs it
Contractors, developers, utility companies, and other applicants obtaining a Right-of-Way (ROW) Use Permit from the City of Bainbridge Island need this bond when the estimated cost of construction, excavation, or work in public streets, roads, or rights-of-way exceeds $2,000. The bond guarantees timely repair, replacement, and restoration of City streets an…
Pricing & timing
What to expect.
Generic pricing
Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bon…
Typical timeframe
Full underwriting required — typically 3–5 business days
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.
StateWABond amountVaries by license type or projectObligeeCity of Bainbridge Island, WashingtonBond classPerformance BondCategoryOtherBondCity of Bainbridge Island, Washington - Restoration Performance BondPlain descriptionGeneral Contractor - Bond runs to MunicipalityWho needs this bondContractors, developers, utility companies, and other applicants obtaining a Right-of-Way (ROW) Use Permit from the City of Bainbridge Island need this bond when the estimated cost of construction, excavation, or work i…
