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Performance Bond - City of Spokane

A Performance Bond - City of Spokane is required for contractors or businesses that enter into contracts with the City of Spokane, Washington. This bond guarantees that you will complete your project according to the agreed-upon terms and specifications. If you fail to finish the work properly or breach the contract, …

Bond amountVaries by license type or project
State or jurisdictionWashington
ObligeeCity of Spokane, Washington

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 Bond - City of Spokane is required for contractors or businesses that enter into contracts with the City of Spokane, Washington. This bond guarantees that you will complete your project according to the agreed-upon terms and specifications. If you fail to finish the work properly or breach the contract, …

Who usually needs it

Contractors (general or specialty) and developers who apply for a City of Spokane street obstruction permit to perform work in public streets, sidewalks, curbs, pavements, or other public places under Ordinance No. C-26619. This bond is required by the City Engineer as a condition for permit issuance, guaranteeing proper completion of work, two years of mai…

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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