City of Odessa, Texas - Water Well Construction Bond
Well Contractor - Compliance Only
Overview
What it is.
Well Contractor - Compliance Only
Who usually needs it
Water well drilling contractors (also referred to as water well contractors) who perform water well installation work within the City of Odessa, Texas city limits. The bond is required for those applying for a water well permit through the City's Inspection Division and must be furnished prior to permit issuance with a $2,000 indemnity bond kept on file.
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.
StateTXBond amount$2,000ObligeeCity of Odessa, TexasBond classPerformance BondCategoryOtherBondCity of Odessa, Texas - Water Well Construction BondPlain descriptionWell Contractor - Compliance OnlyWho needs this bondWater well drilling contractors (also referred to as water well contractors) who perform water well installation work within the City of Odessa, Texas city limits. The bond is required for those applying for a water wel…
