Street and Sidewalk Openings Performance and Payment Bond (Continuing)
This bond is required for contractors or utility companies that need to cut into or open up streets and sidewalks in Alexandria, Virginia. It protects the city by guaranteeing that the work will be completed properly and that workers, suppliers, and subcontractors will be paid. If the contractor fails to restore the s…
Overview
What it is.
This bond is required for contractors or utility companies that need to cut into or open up streets and sidewalks in Alexandria, Virginia. It protects the city by guaranteeing that the work will be completed properly and that workers, suppliers, and subcontractors will be paid. If the contractor fails to restore the s…
Who usually needs it
Permittees or contractors (such as utility companies and construction firms) obtaining excavation permits from the City of Alexandria, Virginia for street and sidewalk openings, crossings of curb/gutter/sidewalk, or ingress/egress work. This continuing bond applies particularly to those expecting multiple permits annually.
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.
StateVABond amountVaries by license type or projectObligeeCity of Alexandria, VirginiaBond classPerformance BondCategoryOtherBondStreet and Sidewalk Openings Performance and Payment Bond (Continuing)Plain descriptionThis bond is required for contractors or utility companies that need to cut into or open up streets and sidewalks in Alexandria, Virginia. It protects the city by guaranteeing that the work will be completed properly an…Who needs this bondPermittees or contractors (such as utility companies and construction firms) obtaining excavation permits from the City of Alexandria, Virginia for street and sidewalk openings, crossings of curb/gutter/sidewalk, or ing…
