Contractors with specific New Mexico state licenses (GF-09, GF-98, MM-98, EL-01, or EE-98) who seek permits to perform excavation work within the City of Albuquerque's right-of-way. This includes general engineering, mechanical, or electrical contractors whose work involves digging or disturbing public streets, sidewalks, or rights-of-way.
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.
StateNMBond amount$15,000ObligeeCity of Rio Rancho, New MexicoBond classPermit BondCategoryOtherBondContractor's Excavation BondPlain descriptionExcavation Contractor - Compliance OnlyWho needs this bondContractors with specific New Mexico state licenses (GF-09, GF-98, MM-98, EL-01, or EE-98) who seek permits to perform excavation work within the City of Albuquerque's right-of-way. This includes general engineering, me…
