This bond is required for contractors who dig up streets or public property in Rhode Island to install, repair, or maintain underground utility lines like water, gas, electric, or cable. The $20,000 bond protects the State of Rhode Island by ensuring contractors properly restore roads and property after completing the…
Overview
What it is.
This bond is required for contractors who dig up streets or public property in Rhode Island to install, repair, or maintain underground utility lines like water, gas, electric, or cable. The $20,000 bond protects the State of Rhode Island by ensuring contractors properly restore roads and property after completing the…
Who usually needs it
Underground utility contractors in Rhode Island who perform work installing, repairing, or maintaining underground utilities must obtain this $20,000 surety bond to obtain and maintain their underground utility contractor license from the state. This requirement applies to both first-time applicants and those renewing their licenses.
Pricing & timing
What to expect.
Generic pricing
Permit bonds are required for specific activities, construction projects, or business operations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger permit bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Many common permit bonds qualify for instant approval with no underwriting required. Requirements vary by j…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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 amount$20,000ObligeeState of Rhode IslandBond classPermit BondCategoryUtilities & EnergyBondRhode Island Underground Utility Permit BondJurisdictionStatePlain descriptionThis bond is required for contractors who dig up streets or public property in Rhode Island to install, repair, or maintain underground utility lines like water, gas, electric, or cable. The $20,000 bond protects the St…Who needs this bondUnderground utility contractors in Rhode Island who perform work installing, repairing, or maintaining underground utilities must obtain this $20,000 surety bond to obtain and maintain their underground utility contract…
