Property owners in Saint Paul, Minnesota whose buildings meet the city's definition of vacant and are registered under the Vacant Building Program must obtain this bond. The bond ensures property owners comply with city code requirements and complete necessary repairs or demolition work according to their stated rehabilitation or demolition plans.
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$5,000ObligeeCity of Saint Paul, MinnesotaBond classPerformance BondCategoryOtherBondVacant Building Performance BondPlain descriptionBuilding Contractor - 3rd Party LiabilityWho needs this bondProperty owners in Saint Paul, Minnesota whose buildings meet the city's definition of vacant and are registered under the Vacant Building Program must obtain this bond. The bond ensures property owners comply with city…
