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Oregon bonds

Beaverton, OR — Street Opening Bond

Beaverton's Street Opening Bond names the contractor performing the work and secures compliant work, restoration and a two-year repair obligation after city final acceptance. Obtain the required sum and term before applying.

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Recorded state
Oregon
Bond type
Right-of-Way / Street Work Bond
Category
Contractors & construction

What this bond does

Provide Beaverton's security for private work opening or disturbing public streets/alleyways or constructing, repairing or reconstructing public sanitary sewers or storm drains.

Who needs it
The contractor performing the permitted improvements in Beaverton, named as principal under the city's street-opening instructions.
Who it protects
The city form is in favor of the City of Beaverton. It addresses permit/code compliance, removal of surplus material, restoration of utilities and affected streets and appurtenances, and continuing repair of the improvements.

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.

Use the contractor and work covered by the city form

The city condition covers cutting, breaking, excavating, disturbing or undermining public streets or alleyways, together with the specified sewer and storm-drain work. The contractor performing the work must be principal.

The form has blanks for the security sum and beginning/ending dates. Have Site Development identify those values; the two-year maintenance period is not a substitute for filling in the required bond term.

Restoration continues beyond finishing construction

The principal must restore affected utilities and street/alley areas to the City Engineer's satisfaction and restore appurtenances, including landscaping, to the same or better condition.

The form requires replacement/repair and good repair for two years from city final acceptance. It says the obligation becomes void after that maintenance period only if all bond conditions are satisfied. Do not equate your last day on site with final acceptance.

Arrange original documents before city submission

Purchase Now opens Propeller's existing Beaverton Street Opening Bond application. Supply the city standard form, contractor name, confirmed amount and dates.

The instructions call for the surety's letterhead, live-ink original writing/typing and signatures, and applicable signing-authority documents; they reject faxed or photocopied submissions. Review the issued document and arrange city delivery. Obtain the work permit separately; issuance of a bond is not permit approval.

Sources

Have these ready

  1. Identify the contractor performing the work and affected improvements.
  2. Obtain the city-required sum and term.
  3. Provide the standard form and arrange live-ink signatures/authority evidence.
  4. Submit the issued original and complete the city's permit process.

Questions about this bond

When does the two-year repair period start?

The city form measures it from the city's final acceptance of the work, not from purchase or the contractor's departure.

Does the form state a fixed bond amount?

No. Its sum and term are blank fields. Obtain the required values from Site Development.

Can I submit a photocopy of the bond?

The city's instructions require live-ink originals and say not to submit a fax or photocopy. Arrange the correct document with the provider before filing.

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