This bond is required for contractors performing construction work in the Matanuska-Susitna Borough, Alaska. If you're planning a construction project that needs a permit from the borough, you'll need this $10,000 bond as a financial guarantee. It protects the borough and community by ensuring you'll complete your pro…
Overview
What it is.
This bond is required for contractors performing construction work in the Matanuska-Susitna Borough, Alaska. If you're planning a construction project that needs a permit from the borough, you'll need this $10,000 bond as a financial guarantee. It protects the borough and community by ensuring you'll complete your pro…
Who usually needs it
Prime general contractors working on state or local public construction projects in Alaska valued over $100,000 must obtain this bond at 100% of the contract price as required under Alaska's Little Miller Act. The bond guarantees project completion per contract terms and ensures payment to subcontractors, laborers, and suppliers.
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 bon…
Typical timeframe
Full underwriting required — typically 3–5 business days
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.
StateAKBond amount$10,000ObligeeMatanuska-Susitna BoroughBond classPerformance BondCategoryOtherBondGeneral Construction Permit Performance BondPlain descriptionThis bond is required for contractors performing construction work in the Matanuska-Susitna Borough, Alaska. If you're planning a construction project that needs a permit from the borough, you'll need this $10,000 bond …Who needs this bondPrime general contractors working on state or local public construction projects in Alaska valued over $100,000 must obtain this bond at 100% of the contract price as required under Alaska's Little Miller Act. The bond …
