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Texas bonds

Beaumont, TX — Building Contractor's Bond

Beaumont's posted Building Contractors Bond calls for $25,000 security. It combines a one-year period from approval and filing with coverage of work performed under the bond for at least two years after final building inspection. Match both provisions before choosing the filing dates.

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Recorded state
Texas
Bond type
Building Contractor Bond
Category
Contractors & construction

What this bond does

The form supports building and structure contracting within Beaumont under its stated ordinance provision. It addresses City losses and qualifying personal or property injury from failure to follow the building code and other City building ordinances.

Who needs it
The legal person or contracting business named in the City filing. Match the actual principal performing the covered building work and confirm the execution and filing directions for that applicant.
Who it protects
The City is the named obligee. The form also expressly benefits persons sustaining loss from the specified building-code or ordinance failures and permits them to sue the principal and surety on the bond.

Your bond option

This is the option on record for this bond.

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.

Details for final-inspection coverage and restoring security

The posted form covers the listed building and structure work for one year from approval and filing. It separately says work performed under the bond is covered for not less than two years from final building inspection. Keep the approved filing and inspection records; the one-year entry does not erase that additional work-coverage provision.

Total recoveries under the form by all claimants may not exceed $25,000. The principal must maintain the security by providing the City with additional bond principal within 15 days after any recovery. Address that restoration requirement with the City and surety rather than treating a recovery as leaving the filing unchanged.

Complete the principal's details, owner signature and notarization, and have the agent attach the power of attorney. Confirm the accepted effective entries and City filing. The form concerns the specified code-related losses, not a promise that every customer dispute, unpaid invoice or unfinished project is automatically covered.

Sources

Have these ready

  1. Match the legal principal and Beaumont building-contractor filing.
  2. Use the posted $25,000 undertaking and its complete City and third-party provisions.
  3. Confirm the one-year approval-and-filing entries and retain final-inspection records.
  4. Complete the notarized signature and attach the agent's power of attorney.
  5. Follow the 15-day additional-security direction after any recovery.

Questions about this bond

Is the final-inspection provision the same as the one-year filing period?

The form states both: one year from approval and filing for the listed work, and coverage of work performed under the bond for not less than two years from final building inspection. Preserve both provisions and the relevant dates.

What happens to the security after a recovery?

The form caps total recoveries by all claimants at $25,000 and separately directs the principal to provide additional bond principal within 15 days after a recovery to maintain the security. Address both requirements with the City and surety.

What follows Purchase Now?

RLI's Beaumont building-contractor application opens in a new tab. Match the legal principal, City and qualifying-person provisions, $25,000 sum, one-year approval-and-filing entries and final-inspection coverage before finalizing. Execute and file the complete undertaking with its power of attorney; purchase does not grant a building permit.

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