This bond is required for individual contractors who work on projects for the Utah Department of Transportation (UDOT). It guarantees that you'll complete your contracted work properly and fix any defects that appear after the project is finished. If you don't finish the work or fail to repair problems covered under w…
Overview
What it is.
This bond is required for individual contractors who work on projects for the Utah Department of Transportation (UDOT). It guarantees that you'll complete your contracted work properly and fix any defects that appear after the project is finished. If you don't finish the work or fail to repair problems covered under w…
Who usually needs it
Utility owners of facilities located in the State Highway Right-of-Way who enter into a Statewide Utility License Agreement (SULA) with the Utah Department of Transportation must obtain this bond. The bond guarantees satisfactory performance under the license agreement and ensures the utility owner maintains facilities properly within UDOT's right-of-way.
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.
StateUTBond amountVaries by license type or projectObligeeUtah Department of TransportationBond classPerformance BondCategoryOtherBondIndividual Performance and Warranty Bond - UDOTPlain descriptionThis bond is required for individual contractors who work on projects for the Utah Department of Transportation (UDOT). It guarantees that you'll complete your contracted work properly and fix any defects that appear af…Who needs this bondUtility owners of facilities located in the State Highway Right-of-Way who enter into a Statewide Utility License Agreement (SULA) with the Utah Department of Transportation must obtain this bond. The bond guarantees sa…
