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Tennessee bonds

Goodlettsville, TN — Electrical, Plumbing, Mechanical Or Excavation Contractor Bond

Goodlettsville, Tennessee's permit bond form sets a $40,000 amount for electrical, plumbing, gas mechanical and excavation contractors. Have your trade and city instructions ready, then select Purchase Now to apply through Propeller.

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

What this bond does

The bond protects the City of Goodlettsville and local property owners by ensuring contractors perform work in accordance with city regulations. It covers damages to city infrastructure, such as streets, curbs, sidewalks, and drainage systems, caused by the principal, and provides financial recourse for costs incurred by property owners due to the contractor's failure to comply with established codes.

Who needs it
This requirement applies to professional contractors specializing in electrical, plumbing, gas mechanical, or excavation trades operating within the Goodlettsville, Tennessee city limits.
Who it protects
The City of Goodlettsville serves as the obligee, with coverage extending to the city and property owners impacted by the principal's work. The surety provides financial security up to the penal sum of $40,000 for identified contractual failures or property damage.

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.

Bond Obligations and Scope

The City of Goodlettsville requires a specific $40,000 permit bond for electrical, plumbing, mechanical, and excavation contractors. This obligation is mandated by municipal code to ensure that all construction activities meet safety and zoning standards.

The bond remains continuous to cover work performed under issued permits. While the surety may cancel the bond with ten business days' written notice to the Department of Codes Administration, liability remains attached to any work conducted prior to the termination date.

Apply, then complete city filing

Purchase Now opens Propeller in a new tab. Apply with the legal business name on your state contractor license, where applicable, and the city's permit bond instructions. The form also describes state contractor licensing for contracts of $25,000 or greater; buying this city bond does not issue a state license.

Completed bonds must be filed with the Goodlettsville Codes Administration. The document must be signed by the principal and an attorney-in-fact for the surety, with the corporate seal affixed and a power of attorney attached.

Liability and Surety Terms

The aggregate liability of the surety for all claims or suits filed under this bond is strictly limited to the $40,000 face amount. The liability does not accumulate annually, regardless of the number of years the bond remains in force.

This bond is intended for the exclusive use and benefit of the named obligee and property owners affected by the principal's work. No other parties hold a right of action against the bond for damages or non-compliance.

Sources

Have these ready

  1. Before applying: have the city permit bond form, contractor trade and legal business name ready.
  2. Use the name on your state contractor license where applicable and the city's $40,000 amount for these trades.
  3. During issuance: check the form's surety qualification, corporate seal, attorney-in-fact execution and power of attorney requirements.
  4. After issuance: submit the signed bond to Goodlettsville Codes Administration under the city's filing instructions.

Questions about this bond

What is the bond amount for an electrical or mechanical contractor?

Electrical, plumbing, gas mechanical, and excavation contractors are required to maintain a bond in the amount of $40,000.

Does this bond satisfy state license requirements?

This bond is a local permit bond required by the City of Goodlettsville. You may still need a separate state contractor's license if your contract value is $25,000 or greater.

Can the surety cancel the bond?

Yes, the surety may cancel the bond by providing at least ten business days' written notice to the City of Goodlettsville Department of Codes Administration.

What happens if I cause damage to public infrastructure?

The bond covers damages to city property, including roads, curbs, water, sewer, and storm drainage lines, resulting from your construction activities.

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