A Performance and Maintenance Bond is required by the City of Merriam, Kansas for contractors or developers working on city projects. This bond guarantees that the contractor will complete the work as promised and maintain it for a specified period afterward. If the contractor fails to finish the project properly or d…
Overview
What it is.
A Performance and Maintenance Bond is required by the City of Merriam, Kansas for contractors or developers working on city projects. This bond guarantees that the contractor will complete the work as promised and maintain it for a specified period afterward. If the contractor fails to finish the project properly or d…
Who usually needs it
Contractors and permittees who excavate, trench, bore, or tunnel under public rights-of-way within a Kansas city's jurisdiction must obtain this bond. The bond ensures contractors properly complete permitted work according to specifications and correct any defects in materials or workmanship for two years after project acceptance.
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.
StateKSBond amountVaries by license type or projectObligeeCity of Merriam, KansasBond classPerformance BondCategoryOtherBondPerformance and Maintenance BondPlain descriptionA Performance and Maintenance Bond is required by the City of Merriam, Kansas for contractors or developers working on city projects. This bond guarantees that the contractor will complete the work as promised and maint…Who needs this bondContractors and permittees who excavate, trench, bore, or tunnel under public rights-of-way within a Kansas city's jurisdiction must obtain this bond. The bond ensures contractors properly complete permitted work accord…
