A Landscaping Performance Bond is a financial guarantee required by the City of Bloomington, Minnesota for landscaping contractors working on city projects. If you're hired to install or maintain landscaping work for the city, you need this bond to prove you'll complete the job as promised. If you fail to finish the w…
Overview
What it is.
A Landscaping Performance Bond is a financial guarantee required by the City of Bloomington, Minnesota for landscaping contractors working on city projects. If you're hired to install or maintain landscaping work for the city, you need this bond to prove you'll complete the job as promised. If you fail to finish the w…
Who usually needs it
Landscaping contractors and businesses undertaking landscaping projects within Douglas County, Minnesota, including both new and existing landscaping businesses performing work such as planting, grading, irrigation, and related services. The bond is required to secure permits and licenses necessary to legally operate within Douglas County.
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.
StateMNBond amountVaries by license type or projectObligeeCity of Bloomington, MinnesotaBond classPerformance BondCategoryOtherBondLandscaping Performance BondPlain descriptionA Landscaping Performance Bond is a financial guarantee required by the City of Bloomington, Minnesota for landscaping contractors working on city projects. If you're hired to install or maintain landscaping work for th…Who needs this bondLandscaping contractors and businesses undertaking landscaping projects within Douglas County, Minnesota, including both new and existing landscaping businesses performing work such as planting, grading, irrigation, and…
