The City of Oakwood, Ohio requires various construction and permit types and licenses to be applied for with the City’s Engineering and Public Works Department. To qualify for approval, a surety bond may be required.
A Right-of-Way Permit Bond is required of utility providers who are performing construction in a public street opening area. Individuals applying for a cement or concrete license must acquire a Cement Contractor Bond.
The amount of the Right-of-Way Permit Bond is determined by the City of Oakwood’s Engineering Technician and is based on the value of the project being constructed. The Cement Contractor Bond has a $10,000 bond limit for all contractor license applicants.
Those applying for a $10,000 limit can pay as little as $100 a year. Just click the button above to purchase your bond instantly. For those who need a Right-of-Way Bond, the price depends on the bond limit. Limits over $25,000 may require a credit check. Take a look at the chart below for examples of different bond limits and Jet’s rates.
Bond Limit | Cost |
---|---|
$10,000 | $100 |
$25,000 | $125 |
$50,000 | $250 |
The original signed and sealed surety bonds, along with the appropriate license or permit application, must be filed with the Oakwood Engineering and Public Works Department at the following mailing address:
City of Oakwood
Engineering & Public Works Department
210 Shafor Boulevard
Oakwood, OH 45419
The Oakwood Engineering and Public Works Department requires contractors to acquire surety bonds such as the Right-of-Way Permit Bond and the Cement Contractor Bond as a way to ensure that the contractor or utility provider will abide by the regulations of their license and/or permit, as well as all city construction standards. If a violation is committed, the surety bond will act as a financial guarantee for the City themselves and any person of the public who is damaged by the licensee’s actions.
It is important to note that both bonds require the contractor or utility provider to maintain the construction area for one year following the official completion and approval of the project.
If you need to renew your bond, Jet will have already sent you a renewal invoice prior to your bond term expiration date. All you need to do is make payment for the upcoming term on the invoice and your bond will remain active with the City of Oakwood.
Jet also offers the Village of Oakwood Contractor Bond.