Contractors specifically named as excavators or plumbers who install or repair sanitary sewer laterals within Mt. Olympus Improvement District boundaries in Utah. This applies to professionals or businesses holding plumbing or sewer work licenses who perform construction activities like sewer lateral installation and maintenance.
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.
StateUTBond amount$3,000ObligeeSalt Lake City Suburban Sanitary District No. 1Bond classPerformance BondCategoryOtherBondPerformance Bond LateralPlain descriptionExcavation Contractor - Compliance OnlyWho needs this bondContractors specifically named as excavators or plumbers who install or repair sanitary sewer laterals within Mt. Olympus Improvement District boundaries in Utah. This applies to professionals or businesses holding plum…
