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Performance and Maintenance Bond

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…

Bond amountVaries by license type or project
State or jurisdictionKansas
ObligeeCity of Merriam, Kansas

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

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2323 yearsHelping clients and agents
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 bonding history reviewed. Performance bonds are typically required for public construction projects and many private projects. Bond amounts are usually 100% of the contract value. Rates may be higher when risk factors a…

Your quote determines the actual premium.

Typical timeframe

Full underwriting required — typically 3–5 business days

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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