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Completion Bond

A Completion Bond is a financial guarantee required by the City of Longview, Texas for anyone undertaking a construction or development project within city limits. This bond protects the city and its residents by ensuring that if a developer or contractor starts a project, they will finish it according to approved pla…

Bond amountVaries by license type or project
State or jurisdictionTexas
ObligeeCity of Longview, Texas

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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2323 yearsHelping clients and agents
Overview

What it is.

A Completion Bond is a financial guarantee required by the City of Longview, Texas for anyone undertaking a construction or development project within city limits. This bond protects the city and its residents by ensuring that if a developer or contractor starts a project, they will finish it according to approved pla…

Who usually needs it

Contractors (including general contractors, prime contractors, and sometimes subcontractors) bidding on or awarded construction projects in Texas, particularly for state-funded projects valued at $25,000 or more, must obtain this performance bond to guarantee project completion according to contract terms and specifications as required by Texas Government C…

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 bonding history reviewed. Performance bonds are typically required for public construction projects and many private projects. Bond amounts are usually 100% of the contract value. Rates may be higher when risk factors a…

Your quote determines the actual premium.

Typical timeframe

Full underwriting required — typically 3–5 business days

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.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

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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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