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Indiana bonds

Richmond, IN — Blanket Excavation Permit Bond

Richmond, Indiana publishes a blanket excavation bond separately from its project-specific form. The blanket form names the city, prints $10,000 and addresses permits the principal obtains from time to time—not automatic permission to open any street.

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Recorded state
Indiana
Bond type
Excavation Contractor Bond
Category
Contractors & construction

What this bond does

The form secures completion of each permitted public-right-of-way excavation within its permit time and restoration to the Department of Public Operations & Engineering's satisfaction, together with the stated permit obligations. The city's program describes utility installation/repair and disturbance of public earth or infrastructure.

Who needs it
The principal seeking excavation permissions from Richmond's Department of Public Operations & Engineering, with the licensed Indiana surety described in the form. Select the blanket form only when that is what the city requests; it is not the separate project-specific listing.
Who it protects
The form states both its sum limit and liability for each and every permit issued, with court costs/attorney fees for collection in noncompliance above the sum. Do not infer a claims aggregate or broader permission from the word blanket; use the accepted undertaking for the actual permits.

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.

The three years run after each permit's conditions are satisfied

The printed term continues until three years after the conditions and requirements of each permit are satisfied under Chapter 96.10. That is not three years from payment, purchase or the first excavation's start.

Keep the effective date and actual permit/completion records. The city separately publishes repair standards, liability-insurance requirements and a project-specific form; one blanket bond does not eliminate those work and permit requirements. Obtain current execution, filing and release instructions after provider issuance.

Sources

Have these ready

  1. Confirm Richmond, Indiana—not a different Richmond—and the city's blanket-form request.
  2. Have the legal principal, authorized surety, actual permit/work locations and effective date.
  3. Keep the required $10,000 form and each permit's time/restoration conditions.
  4. Prepare signing/filing directions, separate insurance and permit completion/release records.

Questions about this bond

Does blanket mean a permit is unnecessary for later excavations?

No. The form addresses permissions the principal obtains from time to time and the requirements of each permit. It does not itself authorize later street openings.

Do three years start when I purchase the bond?

The form measures that period after each permit's conditions and requirements are satisfied. Do not replace that trigger with a purchase date.

How do I start the blanket-bond application?

Purchase Now opens Propeller in a new tab. Check the principal, City of Richmond, Indiana recipient, accepted blanket form, sum, effective date and permit obligations. Provider review/issuance, execution and city filing remain separate from each excavation permit and restoration acceptance.

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