Any person or entity applying for a permit to move or demolish a building or structure Required when: Prior to the issuance of a permit to move or demolish a building Exemptions: Owner/occupant of a single-family dwelling may be exempt from contractor registration requirements but must still obtain a permit and may be…
Overview
What it is.
Any person or entity applying for a permit to move or demolish a building or structure Required when: Prior to the issuance of a permit to move or demolish a building Exemptions: Owner/occupant of a single-family dwelling may be exempt from contractor registration requirements but must still obtain a permit and may be…
Who usually needs it
Any person or entity applying for a permit to move or demolish a building or structure
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.
StateRIBond amount100% of the demolition and disposal costTerm lengthProject-specificObligeeRhode Island Building Code Commission (for state projects) or Local Building Official (for municipal projects)RenewalNot applicable; the bond is project-specific and remains in effect until the demolition and disposal are completed and the lot is regulated in accordance with § 23-27.3-117.1.Bond classPerformance BondCategoryConstructionBondPerformance BondStatutory referenceR.I. Gen. Laws § 23-27.3-116.8JurisdictionState
