Paterson, NJ — Excavation Performance And Maintenance Bond
For a Paterson excavation request naming both performance and maintenance, prepare both stages of the undertaking. The work-completion promise and the later maintenance promise should not be treated as the same event.
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- Recorded state
- New Jersey
- Bond type
- Excavation Contractor Bond
- Category
- Contractors & construction
What this bond does
This combined offering concerns performance of the specified excavation work and the maintenance obligation described in the required bond. The actual form determines the work, conditions and period secured by each part.
- Who needs it
- The legal principal required to furnish combined excavation security for the Paterson project. Match the request rather than automatically naming whichever contractor happens to be working on site.
- Who it protects
- The combined undertaking secures the promises owed to its named recipient. It is not liability insurance for the applicant and does not automatically include a payment guarantee to subcontractors.
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
- NASBP — About Surety Bonding (opens in a new tab)Checked October 23, 2026
Have these ready
- Have the combined performance-and-maintenance request and required form.
- Identify the principal, recipient, site and excavation or permit reference.
- Gather the work description and any stated maintenance trigger or duration.
- Use the requested sum and dates; retain separate execution and delivery instructions for after issuance.
Questions about this bond
Will the performance-only option meet this request?
Do not infer that. Compare both promised stages and the accepted form. The catalog lists the performance-only, maintenance-only and combined undertakings separately.
Is maintenance the same as insuring against accidents?
No. A maintenance promise concerns the duties specified in the undertaking. It does not replace the applicant's liability policy or create unspecified accident coverage.
Where do I begin the combined application?
Purchase Now opens Propeller in a new tab. Enter the combined Paterson request and legal-party details. Review and issuance, any required execution, and filing with the recipient are separate from the application and from permission to excavate.