Grand Junction, CO — Right Of Way Permit Bond
Grand Junction accepts a city-approved bond as one form of right-of-way performance/warranty security. Confirm the restoration calculation and accepted guarantee before applying for this offering.
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- Recorded state
- Colorado
- Bond type
- Right-of-Way / Street Work Bond
- Category
- Contractors & construction
What this bond does
This offering addresses Grand Junction's security for construction within public right-of-way. The published city packet distinguishes a restoration-estimate arrangement from a stated-sum guarantee for work under one or more permits.
- Who needs it
- A Grand Junction permittee using an acceptable surety bond rather than another city-approved form of ROW guarantee.
- Who it protects
- The published requirements secure repair or completion of the public way if the permittee fails to perform. The restoration duty includes workmanship defects, settling, cleanup, and other specified permit violations, not every cost of an unrelated project.
Your bond option
This is the option on record for this bond.
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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.
Sources
Have these ready
- The city's current guarantee request and accepted bond form.
- The legal permittee, city recipient, and permit or permits covered.
- The approved restoration estimate and required security arrangement.
- The location, restoration scope, anticipated acceptance date, and required period.
Questions about this bond
Must every permittee buy a surety bond?
The posted packet accepts several forms of guarantee. This offering concerns a bond; confirm the city's accepted security arrangement before applying.
Is the published $10,000 form sufficient for every project?
The packet also describes estimate-based security and higher amounts where restoration warrants them. Use the city's project-specific request; this option displays no fixed amount.
Can I assume a small project is exempt?
The packet gives the city discretion to waive guarantee requirements in limited circumstances. Obtain the city's decision rather than treating estimated cost alone as an exemption.