Paterson, NJ — Excavation Performance Bond
Use the performance designation on your Paterson excavation request when applying. Paterson has separate maintenance and combined offerings, so matching the requested promise matters before choosing a form.
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- Recorded state
- New Jersey
- Bond type
- Excavation Contractor Bond
- Category
- Contractors & construction
What this bond does
This offering concerns performance of the excavation work described in the required undertaking. Keep the work scope, permit reference and any specified backfill or restoration duties with the application; do not assume that performance security also includes a separate post-completion maintenance guarantee.
- Who needs it
- The person or business named as principal in the Paterson excavation-performance request. The owner, developer and excavation contractor can have different roles in the same project.
- Who it protects
- Performance security supports the described work obligation to its named recipient. It is not the applicant's liability insurance or automatic protection for every contract, supplier payment or later maintenance duty.
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
- Gather the request specifically naming excavation performance security.
- Identify the principal, recipient, site and permit or work reference.
- Have the excavation scope and any expressly required backfill/restoration description.
- Use the requested sum, dates and form; keep any separate maintenance-security instructions distinct.
Questions about this bond
Should I select the combined performance-and-maintenance offering instead?
Only if that is the undertaking requested and accepted. Separate catalog names do not prove the forms are interchangeable.
Does this guarantee payment to every subcontractor?
Do not infer a payment-bond promise from the performance title. The actual bond defines the secured obligations and beneficiaries.
How do I apply for the performance option?
Purchase Now opens Propeller in a new tab. Match the Paterson performance request and legal parties there. Review and issuance come before any required execution and filing; the application itself does not approve the excavation permit or completed work.