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Washington bonds

Olympia, WA — Street Excavation And Obstruction Bond (Fixed Expiration) — Renews With Continuation Certificate

This Olympia offering is named as fixed-expiration Street Excavation and Obstruction security, with Continuation Certificate renewal documentation. Get the city's accepted standing bond form and required dates before ordering; do not substitute the separately listed continuous offering without confirmation.

Also known as Olympia, WA Street Excavation and Obstruction Bond (Fixed Expiration); Washington Olympia Street Excavation And 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

Helps an Olympia contractor match fixed-expiration standing ROW security to the city's actual request and continuation process.

Who needs it
Contractors asked to provide Olympia excavation/obstruction security before ROW permit issuance.
Who it protects
The accepted standing bond defines the obligation to Olympia during its applicable period. Its exact current wording and match to this fixed-expiration offering remain factual-check-pending.

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.

Identify which Olympia security is being requested

The city's contractor checklist calls for a $10,000 Street Excavation and Obstruction Bond, current city/state contractor licensing and separate insurance information. It also describes additional performance-of-work security tied to the proposed work.

This offering concerns the excavation/obstruction request. Do not apply the project-performance calculation, a project completion date or later maintenance-security requirements to it merely because all relate to ROW work.

Confirm the expiration and continuation document

The RLI catalog name identifies fixed expiration and renewal with a Continuation Certificate. The actual option does not supply a verified number of months or an expiration date, so obtain the dates the city requires and check the issued instrument.

Ask how the city wants a continuation documented and accepted before the applicable expiration. Neither the catalog name nor a project's work schedule establishes a renewal deadline or cancellation rule. The current standing-form match remains pending.

File the executed document before relying on coverage

Once the city and provider confirm the request, use the existing RLI Purchase Now option for the correct principal, form, amount and dates. Review the issued document and deliver it through the city's current filing directions.

Confirm city acceptance, any separate project security and permit issuance before work. Retain the bond and any accepted continuation certificate; extending security does not itself extend a ROW permit.

Sources

Have these ready

  1. Request the current Olympia standing excavation/obstruction bond instrument.
  2. Confirm the checklist's $10,000 request and acceptance of the fixed-expiration offering.
  3. Get the actual effective/expiration dates and continuation-filing directions.
  4. Keep additional project security, insurance, city acceptance and permit authorization separate.

Questions about this bond

What is the fixed term?

The offering's name says fixed expiration, but no verified duration is supplied in the option. Use the city's required dates and the actual issued form.

Does the Continuation Certificate renew my permit?

No. It is the renewal-document description for this bond offering. Confirm the city's security acceptance and any permit extension independently.

Can I choose continuous security instead?

There is a separately labeled continuous offering with Premium Summary wording. Confirm which instrument the city accepts; do not assume the options are interchangeable.

Will this replace project performance security?

Not automatically. Olympia's checklist separately identifies standing excavation/obstruction security and additional security for the proposed work.

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