Albany, NY — Street Opening Bond
Albany's Department of General Services reviews street and sidewalk openings, restoration plans, and any required security. Obtain DGS's assessed amount and accepted instrument before using this Street Opening Bond offering; the published application packet does not establish that every opening uses the same commercial surety form.
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- Recorded state
- New York
- Bond type
- Right-of-Way / Street Work Bond
- Category
- Contractors & construction
What this bond does
Match this offered bond to the City of Albany's actual pavement-opening security request. The packet describes application-dependent, percentage-based security, but the exact surety form and substitution conditions for this offering remain unconfirmed.
- Who needs it
- Applicants and contractors proposing disturbance within a City public right-of-way, including utility, driveway, curb or sidewalk work. The application identifies applicant and contractor separately and records who will perform restoration.
- Who it protects
- The City's concern is proper restoration and correction of dangerous or deficient work. The accepted instrument determines its terms; the listing does not promise completion of an unrelated private project or release when a permit expires.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
Have these ready
- Prepare the opening address, purpose, dimensions, schedule and detailed restoration sketch.
- Identify the applicant, contractor and party responsible for each restored surface.
- Obtain DGS's written security assessment and accepted surety form, amount, principal and dates.
- Confirm larger-project review, separate insurance, permit authorization, inspections and guarantee conditions.
Questions about this bond
Does every Albany opening use the same bond amount?
That is not established by the packet. DGS must assess the application and confirm the required security and whether it accepts the offered commercial surety.
Does a large opening require more than the ordinary sketch?
The packet has additional provisions for openings greater than fifty feet, including plans, traffic protection, scheduling and inspection coordination. Obtain the project's requirements from DGS.
Does finishing within the permit period end the restoration obligation?
No automatic release is established. The packet separately describes inspection, acceptance and continuing restoration duties. Confirm the actual surety and release conditions with DGS.