Contractors seeking permits for excavation, encroachment, paving, grading, repairing, or working in public streets, highways, or other right-of-ways, must file a $5,000 Excavation Bond with the City of Reno, Nevada. The bond is used to protect against construction projects being left incomplete.
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An Excavation Bond is only $100 with Jet, guaranteed. Simply click the “Purchase” button to complete your purchase. Since Jet is a direct issuer of surety bonds, you won't be charged pesky broker fees or commissions; the price is the price.
Once you have completed your purchase, Jet will prepare the bond form and mail it to you. We will have the bond notarized, and you will be responsible for signing the bond in front of a notary as well. Once ready, it must be submitted to:
City of Reno
1 E 1st Street
Reno, NV 89501
Once filed, the City will keep the bond as protection while construction is being completed. Failure to fulfill the project according to the plans that were approved when you received your permit will lead to the City filing a claim on the bond to cover the cost of finishing the project.
When you receive your excavation permit, you are expected to comply with Section 12.08 of the Reno Municipal Code. These codes describe expectations for work, such as beginning the project within 15 days after a permit is issued (Section 12.08.110) or the standards for restoring the project area after construction is done (Section 12.08.040). After the work has been completed, the contractor must send a written notice to the city engineer. The bond will only be released once passing the final inspection, which can be no sooner than three years after the project has been completed.
As long as a contractor fulfills the project according to plan and the duties found in Chapter 12.08 of the Reno Municipal Code, there should be no cause for complaint. The contractor will be responsible for any repairs that are caused by defective backfilling during the three-year period before the bond is released, or for paying the City back for making such reparations; if the contractor has sufficient evidence that damages were not caused by defective backfilling, they will not be liable for reparations.
Claims on the Excavation Bond can arise by the contractor’s failure to complete the project within the time specified in the permit, make any repairs needed during the three-year period following the satisfactory completion of the project, or pay the City for fees or other expenses for making reparations in which the contractor was at fault. If you receive a claim, contact Jet right away. Our team will check the complaint to avoid false accusations, but if it holds up, we are obligated to pay out the claim up to $5,000 on your behalf. Since the claim was made based on your actions, you are responsible for paying Jet back.
Yes; if you have unpaid or incomplete accounts from a past permit, you may be required to submit a payment bond before receiving a new excavation permit. The amount of the payment bond will be the cost of the overdue account or, if more than one, an average of all overdue accounts.