A Contractor's Utility Bond is required for contractors who need to work on or near utility infrastructure while doing road projects for the Rhode Island Department of Transportation. This bond protects the state by guaranteeing that contractors will properly handle utilities like water lines, electric cables, or gas …
Overview
What it is.
A Contractor's Utility Bond is required for contractors who need to work on or near utility infrastructure while doing road projects for the Rhode Island Department of Transportation. This bond protects the state by guaranteeing that contractors will properly handle utilities like water lines, electric cables, or gas …
Who usually needs it
Underground utility contractors in Rhode Island who install, repair, alter, or replace sewer lines, storm drainage lines, water lines, and related services must obtain this bond as a condition of licensure. The bond is required by Rhode Island General Laws § 5-65.3-10 to ensure financial security for compliance with licensing laws and ethical business pract…
Pricing & timing
What to expect.
Generic pricing
Utility bonds are required by utility companies to guarantee payment for services. Typical Pricing:. • Small utility bonds: Typically $100–$250 per year (flat fee). • Larger utility 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. Most utility bonds qualify for instant approval. Bond amounts are typically set by the utility company based on expected usage.</…
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.
StateRIBond amountVaries by license type or projectObligeeState of Rhode Island, Dept of TransportationBond classUtility BondCategoryOtherBondContractor's Utility BondPlain descriptionA Contractor's Utility Bond is required for contractors who need to work on or near utility infrastructure while doing road projects for the Rhode Island Department of Transportation. This bond protects the state by gua…Who needs this bondUnderground utility contractors in Rhode Island who install, repair, alter, or replace sewer lines, storm drainage lines, water lines, and related services must obtain this bond as a condition of licensure. The bond is …
