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Washington bonds

Lakewood, WA — Street Excavation & Obstruction Bond (Fixed Expiration) — Renews With Continuation Certificate

This Lakewood offering is identified as fixed-expiration street excavation/obstruction security renewed by Continuation Certificate. Match its actual beginning and ending dates to the city's request and arrange accepted continuation before relying on coverage beyond that ending date.

Also known as Lakewood, WA Street Excavation & Obstruction Bond (Fixed Expiration); Washington Lakewood Street Excavation & Obstruction -Fixed Expiration Bonds

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Recorded state
Washington
Bond type
Right-of-Way / Street Work Bond
Category
Contractors & construction
Local scope
City

What this bond does

Secures covered Lakewood excavation/obstruction permit noncompliance during the fixed term and any accepted continuation.

Who needs it
Applicants and contractors needing the RLI fixed-expiration offering rather than the separate Premium Summary renewal offering.
Who it protects
The City of Lakewood is the obligee. Its posted example addresses city losses caused by covered permit-law noncompliance during the bond term and limits the surety's aggregate exposure to the stated sum.

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.

Complete both dates and the continuation process

The city's example has a fixed-term beginning/ending selection and expressly permits continuation by a certificate executed by the surety. The existing RLI option is recorded as Fixed Expiration and renewing with Continuation Certificate.

Confirm the actual ending date, when continued security is needed and how the city accepts the certificate. No numeric term or renewal deadline is supplied in the option; do not assume one year or automatic continuation on an unchanged permit.

Do not import the continuous-bond notice clause

The example separately offers continuous security and a 30-day written surety notice provision as to subsequent projects for that continuous selection. That does not establish a 30-day cancellation or renewal rule for this fixed-expiration offering.

The same city example states $5,000 and an aggregate limit despite continued years. Confirm the current requested sum and continuation wording with the city and RLI rather than assuming a new annual limit or an indefinite extension.

Issue and file the fixed-term instrument

Prepare the legal principal, requested permit/work scope, city-required sum and both dates, then use the existing RLI Purchase Now option after form confirmation. Arrange principal/surety execution and the actual city filing.

Keep the issued security and any accepted continuation with the permit record. Obtain separate work/traffic authorization and complete the required restoration and inspections; a certificate continues the instrument under its terms rather than granting excavation permission.

Sources

Have these ready

  1. Confirm the city work/permit and need for fixed-expiration security.
  2. Obtain principal, amount, beginning/ending dates and accepted form.
  3. Ask RLI and the city how and when a surety-executed Continuation Certificate must be accepted.
  4. Complete execution/filing, separate work approval and inspection/restoration/release.

Questions about this bond

Is the fixed term automatically one year?

No numeric period is supplied. The city's example requires actual beginning and ending dates; obtain those for the request.

What continues the fixed-term instrument?

The example permits a certificate executed by the surety. Confirm RLI's actual certificate and city filing/acceptance requirements before relying on extended coverage.

Does the example's 30-day notice clause govern every fixed-term bond?

That clause expressly applies to continuous security as to subsequent projects. Do not treat it as this fixed offering's automatic cancellation or renewal deadline.

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