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Mississippi bonds

Madison, MS — Contractor's License Bond

Madison's residential building-permit page calls for the builder/contractor to be bonded with the City for $5,000 or 0.5%, whichever is greater. The page does not identify the percentage base or supply the actual bond form. Confirm those details before assuming that $5,000 satisfies your request.

Also known as Madison Contractor Bonds

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

What this bond does

Match the City's written bonding request for the residential permit application before choosing an instrument.

Who needs it
Residential builders and contractors checking the City of Madison, Mississippi request, not a Madison County or another State's requirement.
Who it protects
The permit page establishes a bonding instruction but does not reproduce its conditions. Obtain the accepted instrument to determine what it secures; the page alone does not establish that a generic project performance/payment form is interchangeable.

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.

Confirm the percentage base and accepted form

Ask Building and Permits how it calculates the 0.5% part of the published instruction and what form, principal, recipient and dates it accepts. Do not calculate a bond amount using an assumed base or treat the minimum as the required sum for every project.

The exact form accepted for this listed option remains unconfirmed. Match your written City request with the provider before applying rather than relying only on the Contractor's License Bond title.

Keep bonding separate from plans and inspections

The residential checklist also requests plans and State licensing when State law requires it. It addresses subdivision-association approval where covenants require that approval and separately describes inspections and occupancy. Buying a surety does not complete those steps.

Purchase Now opens RLI in a new tab. First resolve the accepted instrument and amount with the City. After issuance, check execution and deliver under current Building and Permits directions while completing the separate permit application; provider payment does not authorize work or occupancy.

Sources

Have these ready

  1. Identify the residential City request and legal builder/contractor.
  2. Confirm the percentage base, actual amount and accepted instrument.
  3. Match principal, City recipient and dates with the provider before applying.
  4. Check execution and complete separate plans, permits and inspections.

Questions about this bond

Is the required amount always $5,000?

The page says $5,000 or 0.5%, whichever is greater. Confirm the percentage base and City's resulting amount rather than assuming the minimum applies.

Does the page identify the exact accepted bond form?

No. Obtain it from Building and Permits and match it with the provider before using this option.

Does the bond approve my plans or allow occupancy?

No. The City describes separate plan, permit, inspection and occupancy requirements.

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