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City of Portland Street Excavation Bond

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…

Bond amountVaries by license type or project
State or jurisdictionMaine
ObligeeCity of Portland

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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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 jurisdiction and permit type.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

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.

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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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