State of Maryland - Hauling Performance Bond (Maryland State Highway Administration)
This bond is required for contractors who haul materials or debris on Maryland state highways as part of construction projects overseen by the Maryland State Highway Administration. It guarantees that the hauling contractor will complete their work according to the contract terms and follow all state regulations. If t…
Overview
What it is.
This bond is required for contractors who haul materials or debris on Maryland state highways as part of construction projects overseen by the Maryland State Highway Administration. It guarantees that the hauling contractor will complete their work according to the contract terms and follow all state regulations. If t…
Who usually needs it
Individuals or trucking companies holding a hauling permit from the Maryland State Highway Administration for oversize or overweight loads/equipment on state highways need this bond. The bond ensures permit holders comply with all permit terms and conditions, including compensation for any road damages caused by the oversize/overweight hauling due to neglig…
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.
StateMDBond amountVaries by license type or projectObligeeState of MarylandBond classPerformance BondCategoryOtherBondState of Maryland - Hauling Performance Bond (Maryland State Highway Administration)Plain descriptionThis bond is required for contractors who haul materials or debris on Maryland state highways as part of construction projects overseen by the Maryland State Highway Administration. It guarantees that the hauling contra…Who needs this bondIndividuals or trucking companies holding a hauling permit from the Maryland State Highway Administration for oversize or overweight loads/equipment on state highways need this bond. The bond ensures permit holders comp…
