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Colorado bonds

Colorado Springs, CO — Excavation Contractor Bond

Colorado Springs publishes an Excavation License Bond for the business licensed as an excavator. Its obligations include license compliance, backfill/maintenance and specified city restoration charges—not just a bond for one private construction contract.

Also known as Colorado Springs Excavation Contractor Bonds

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Recorded state
Colorado
Category
Contractors & construction

What this bond does

The reviewed city form names the City of Colorado Springs as obligee and states a $5,000 penal sum. It addresses observing the licensed-business provisions, adjudged fines/penalties/costs, properly backfilling and maintaining excavations for one year, and paying city-billed permanent resurfacing and related restoration charges.

Who needs it
The legal excavating business applying for the city license, named as principal. Match the city's current license-bond form and business identity rather than substituting a public-project performance/payment instrument.
Who it protects
The one-year excavation-maintenance undertaking is not the same as an automatically expiring one-year bond. The form ties the term to the license, continues through renewals and preserves accrued liability after cancellation.

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.

Coordinate the continuing license bond and execution authority

Cancellation requires prior written notice to the city's designated licensing officer under the form. It does not print a fixed notice-day count, so do not insert a presumed 30-day period or treat a license renewal as automatic bond release.

The form has a separate effective-date field and principal/surety signature, witness and seal spaces. It requires the surety attorney-in-fact's authority certified to include the bond date. Confirm the currently accepted version and execution/filing instructions before issuance.

Sources

Have these ready

  1. Have the exact licensed-business/principal name and city excavation-license request.
  2. Confirm the current form and stated city obligee/sum.
  3. Provide the required effective date without treating maintenance duration as the entire term.
  4. Arrange authorized signatures and the surety's dated attorney-in-fact authority for filing.

Questions about this bond

Does the one-year maintenance duty mean the bond ends after one year?

No. The reviewed form separately makes the license bond continuing through renewals, subject to its cancellation provisions. Maintenance and the continuing term are different conditions.

Does the form specify a 30-day cancellation notice?

It requires prior written notice to the designated city licensing officer but does not state a fixed number of notice days. Follow the accepted form rather than adding an assumed period.

Which application do I use here?

Purchase Now opens RLI in a new tab. Check the legal excavator business, city recipient, license-bond form, required sum and effective date. Provider review/issuance, execution and city license acceptance are separate.

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