In Greensboro, North Carolina, the Land Development Ordinance requires that before any developer disturbs land, they must provide a sedimentation control plan and obtain a grading permit. When a project disturbs more than five acres, developers may be required to obtain a Sedimentation Control Bond when applying for a grading permit. This bond provided by Jet Insurance Company serves as a means of financial guarantee for the City of Greensboro; it ensures that if the developer defaults on the project, the city will be reimbursed by Jet for the cost to complete protective measures for the disturbed land.
Jet cuts out the middlemen who slow down the process and can cost you more in the form of fees and commissions. As a direct surety carrier, Jet streamlines the bonding process, and even helps you defend against claims, should they arise.
The cost of the bond will be a small percentage of the bonding limit, which Greensboro specifies at $2,000 per acre of disturbed land in the project. City of Greensboro bases this value on an estimated cost to complete sedimentation control work required in the grading permit. This can include any work required to establish protective cover over the disturbed land, control velocity of runoff, or prevent off-site sedimentation.
The personal credit and financial strength of the developer can also factor into the eligibility and price of the bond. Once approved, the bond cost starts as low as 1% of the bonding limit.
At Jet, we strive to make the surety bonding process more efficient than it has ever been before. That saves you time and money, and gets you back to your business ASAP.
Yes, Jet can! Once you purchase your bond, Jet will immediately ship the original bond to the City of Greensboro Engineering and Inspections Department for you. An electronic copy of the bond will immediately be emailed to you for your records as well.
Other carriers charge you shipping fees to send you the bond, and then leave shipment to Greensboro up to you, at your expense. Not at Jet!
If you would like the original bond mailed directly to your location, then you can select that option at checkout. Please note the bond must be filed with the city at the following address:
City of Greensboro
Sedimentation and Erosion Control Division
Attn: Toni Branson
2602 South Elm-Eugene Street
Greensboro, NC 27401
Unfortunately, this is not possible. The Sedimentation Control Bond is considered continuous until released after final inspection of improvements, and the bond cannot be cancelled at any time by the developer or Jet.
In order to avoid a claim against the surety bond, developers need to comply with the Greensboro Land Development Ordinance and complete the elements of their approved sedimentation control plan, as described in the grading permit.
Bond claims may arise when a developer abandons the project or strays from the approved grading permit. If either occurs, and the developer is unwilling or unable to rectify the situation, the City of Greensboro will be required to complete (or repair) the project, drawing from the surety bond amount to pay for it.
If you abandon a land disturbing project or do not comply with your grading permit, the City of Greensboro Engineering and Inspections Department may process a claim directly with Jet. To assess the validity of the claim, Jet will investigate the circumstances, and defend you as much as possible.
If the claim is deemed valid, Jet must pay the claim up to the total amount of the bond. It is important to note that the surety acts as a line of credit in this respect, and the developer (the “principal”) is still responsible for their actions (or failed actions) and must reimburse Jet for the amount paid.
The Sedimentation Control Bond exists to provide a fiscal guarantee to the City of Greensboro for cases in which developers disturb land and potentially adversely affect soil erosion, sedimentation, or stormwater runoff. The bond ensures that funding is available from a third party resource, such as Jet, should the city need to finish land protection measures on the behalf of a developer who has abandoned a project.
Jet streamlines the application process, so you can apply for your bond hassle-free by providing some basic information about your business. Once you provide this information, we will evaluate your application and quickly get back to you.
As bond limits become larger with higher acreage projects, Jet may need the following additional information in order to provide your quote such as:
Once you pay your premium, your receipt and bond copy will be available to you.
The Sedimentation Control Bond must remain in place until all required elements of the sedimentation control plan are completed and approved by the city. Liability for the developer and surety will be released once a project has conducted a successful final inspection and received release from the City of Greensboro Engineering and Inspections Department.
Bonds are available from Jet in one, two, and even three year increments. The bond will need to be renewed if the project extends past the original purchase term.
The State of North Carolina has various licensing requirements for contractors in the field, and developers should be aware of the licenses and associated surety bonds. Other North Carolina construction bonds can be found by clicking here.