Public Works Department Bond

Parking Lot Contractor - Compliance Only

Bond amount$5,000
State or jurisdictionKansas
ObligeeCity of Wichita

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.

Overview

What it is.

Parking Lot Contractor - Compliance Only

Who usually needs it

Contractors (including general contractors and subcontractors) entering into contracts exceeding $100,000 for public improvements, public building construction, or repairs in Kansas with public officials for state or local government public works projects. The bond guarantees payment of all debts for labor, materials, equipment, or supplies used in the proj…

Pricing & timing

What to expect.

Generic pricing

Bid bonds guarantee that a contractor will honor their bid and enter into the contract if awarded. Typical Pricing:. • Small contracts: Commonly around 1–5% of the bid amount. • Larger contracts: Rates generally scale lower as contract size increases. • Bid bonds: Often provided at no additional cost when paired with performance and payment bonds. • Full underwriting required: Credit, financials, experience, and bonding history reviewed. Bid bonds are typically required for public construction projects. The bond amount is usually 5–10% of the bid price. Rates may vary when risk factors are present, but 1–5% represents the most common market range.

Your quote determines the actual premium.

Typical timeframe

Contract 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.

Platinum Bonds

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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.