Contractors licensed by the Minnesota Department of Labor and Industry who install building water and sewer piping but do not work on subsurface sewage treatment systems (SSTS) are required to obtain this bond. The bond provides indemnification for loss or damage resulting from the contractor's failure to comply with applicable laws and regulations, and pro…
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.
StateMNBond amount$25,000ObligeeState of MinnesotaBond classPerformance BondCategoryOtherBondPipe Laying Surety BondPlain descriptionPipeline Contractor - Bond Runs to StateWho needs this bondContractors licensed by the Minnesota Department of Labor and Industry who install building water and sewer piping but do not work on subsurface sewage treatment systems (SSTS) are required to obtain this bond. The bond…
