This bond is required for contractors or utility companies that need to cut into or dig up streets in Portland, Oregon. It protects the city by guaranteeing that whoever opens the street will properly repair and restore it to its original condition. If the work isn't completed correctly or the street isn't fixed prope…
Overview
What it is.
This bond is required for contractors or utility companies that need to cut into or dig up streets in Portland, Oregon. It protects the city by guaranteeing that whoever opens the street will properly repair and restore it to its original condition. If the work isn't completed correctly or the street isn't fixed prope…
Who usually needs it
Contractors, construction companies, utility companies, developers, and individual property owners who perform construction work that involves opening, excavating, or disturbing public streets within Portland's right-of-way must obtain this $2,000 bond as a financial guarantee that work will be completed according to Portland City Code specifications and th…
Pricing & timing
What to expect.
Generic pricing
Subdivision bonds guarantee completion of public improvements (streets, utilities, sidewalks) in new developments. Typical Pricing:. • Small projects: Commonly around 1–5% of the improvement cost. • Larger projects: Rates generally scale lower as project size increases. • Bond amount: Based on estimated cost of public improvements. • Contract underwriting required: Financial review and project assessment. Subdivision bonds are required by municipalities before recor…
Typical timeframe
Contract underwriting — 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.
StateORBond amount$2,000ObligeeCity of PortlandBond classSubdivision BondCategoryConstructionBondOregon City of Portland Street Opening BondJurisdictionStatePlain descriptionThis bond is required for contractors or utility companies that need to cut into or dig up streets in Portland, Oregon. It protects the city by guaranteeing that whoever opens the street will properly repair and restore…Who needs this bondContractors, construction companies, utility companies, developers, and individual property owners who perform construction work that involves opening, excavating, or disturbing public streets within Portland's right-of…