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Contractor's Utility Bond

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 …

Bond amountVaries by license type or project
State or jurisdictionRhode Island
ObligeeState of Rhode Island, Dept of Transportation

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 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.

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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