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Illinois bonds

Forest View, IL — Contractor License Bond

Forest View's permit packet requests $10,000 surety naming the Village as obligee for work over $2,500. It also lists a separate $500 performance item for Village work; confirm the actual request before applying through Propeller.

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Recorded state
Illinois
Bond type
Contractor License / Registration Bond
Category
Contractors & construction

What this bond does

Prepare the contractor/subcontractor security identified in Forest View's packet when the stated work threshold applies.

Who needs it
Contractors and subcontractors with applicable Village work and an accepted $10,000 request, not automatically a property owner signing a permit application.
Who it protects
The accepted instrument defines its conditions with Forest View as obligee. The separate performance item and insurance's certificate-holder/additional-insured designations are not interchangeable with this surety.

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.

Check the work threshold and separate performance item

The instructions and checklist state $10,000 for jobs over $2,500. Confirm whether your work exceeds that threshold; $2,500 describes the job, not the requested security amount.

The packet separately lists $500 performance security, describing Village property in the instructions and Village right-of-way in the checklist. Ask the Village which item and form apply to the actual work rather than reducing $10,000 to $500 or assuming one satisfies both.

Separate permit authority from the bond principal

The permit can be signed by the owner or an authorized agent/contractor. That authorization does not determine the bond principal. Match the actual business and accepted request; project drawings, proposals and insurance remain separate permit documents.

Purchase Now opens Propeller in a new tab. Have the Village-obligee form, principal, amount and actual dates ready, then check issued execution before Village submission. The packet's one-year building-permit validity is not a duration displayed by this option.

Sources

Have these ready

  1. Confirm the actual work and over-$2,500 threshold.
  2. Distinguish $10,000 surety from the separate performance item.
  3. Match legal principal and Forest View obligee.
  4. Have actual security dates independently of permit validity.
  5. Check issued details and execution before Village delivery.

Questions about this bond

Is $2,500 the bond amount?

No. The packet describes jobs over $2,500 and a $10,000 surety. Keep the work threshold and security sum separate.

Does the $500 performance item replace $10,000?

The packet lists them separately. Confirm the actual Village-property/right-of-way request and instrument rather than assuming substitution.

Is the permit-signing property owner automatically the principal?

Permit authority and the accepted legal principal are different questions. Use the actual contractor security request and form.

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