This bond is required for contractors or utility companies who need to dig up or cut into streets in Portland, Maine. The city requires it to protect taxpayers and ensure that anyone who excavates a street will properly repair the damage and restore the road to its original condition. If the work isn't completed corre…
Overview
What it is.
This bond is required for contractors or utility companies who need to dig up or cut into streets in Portland, Maine. The city requires it to protect taxpayers and ensure that anyone who excavates a street will properly repair the damage and restore the road to its original condition. If the work isn't completed corre…
Who usually needs it
Contractors, construction companies, utility companies, developers, and any businesses or individuals planning excavation or street-opening work in the City of Portland, Oregon's public right-of-way need this bond when applying for a street opening permit or sewer connection permit involving excavation.
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.
StateMEBond amountVaries by license type or projectObligeeCity of PortlandBond classPermit BondCategoryConstructionBondCity of Portland Street Excavation BondJurisdictionStatePlain descriptionThis bond is required for contractors or utility companies who need to dig up or cut into streets in Portland, Maine. The city requires it to protect taxpayers and ensure that anyone who excavates a street will properly…Who needs this bondContractors, construction companies, utility companies, developers, and any businesses or individuals planning excavation or street-opening work in the City of Portland, Oregon's public right-of-way need this bond when …
