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Maintenance Bond

City of Poulsbo Performance/Maintenance Blanket Bond

This bond is required for contractors or developers working on projects in Poulsbo, Washington. It serves two purposes: first, it guarantees that the work will be completed according to city specifications (performance), and second, it ensures any required maintenance will be done after the project is finished (mainte…

Overview

What it is.

This bond is required for contractors or developers working on projects in Poulsbo, Washington. It serves two purposes: first, it guarantees that the work will be completed according to city specifications (performance), and second, it ensures any required maintenance will be done after the project is finished (mainte…

Who usually needs it

Contractors and construction firms bidding on or undertaking public works projects within the City of Poulsbo, Washington, specifically for projects involving public infrastructure such as roads, bridges, public buildings, or work in the public right-of-way (ROW). The bond guarantees both project completion (performance) and post-completion maintenance for …

Pricing & timing

What to expect.

Generic pricing

Maintenance bonds guarantee that a contractor will repair defects in workmanship or materials for a specified period after project completion. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value. • Larger contracts: Rates generally scale lower as contract size increases. • Maintenance period: Typically covers 1–2 years after project completion. • Underwriting: Contract underwriting typically required. Maintenance bonds may be included wit…

Typical timeframe

Contract underwriting — typically 3–5 business days

Application

What to do next.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. Keep your effective date and renewal date on file with us.
Start the application.

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Details

Bond details.

StateWA
Bond amountVaries by license type or project
ObligeeCity of Poulsbo, Washington
Bond classMaintenance Bond
CategoryOther
BondCity of Poulsbo Performance/Maintenance Blanket Bond
Plain descriptionThis bond is required for contractors or developers working on projects in Poulsbo, Washington. It serves two purposes: first, it guarantees that the work will be completed according to city specifications (performance)…
Who needs this bondContractors and construction firms bidding on or undertaking public works projects within the City of Poulsbo, Washington, specifically for projects involving public infrastructure such as roads, bridges, public buildin…
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Next step

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