Contractors working in streets, highways, or other roadways that inhibit the public right of way are required to file a Right-of-Way and Street Opening and Repair Permit Bond to make sure that the streets are returned to their original condition.
With Jet, you can purchase your bond for as low as $100, depending on your bond limit. For a $20,000 Private Contractor Bond (or a lower bond limit for a single job), your rates are shown in the chart below. For the $40,000 Public Utility Bond, rates in the chart are a starting point and your quote will be based on personal credit.
Bond Term
$20,000 Bond Cost
$40,000 Bond Cost
1 Year
$100
$200
2 Years
$175
$350
3 Years
$250
$500
Greenville, Ohio Contractor Bond Rates
Bond limits are based on the amount and type of work being performed. A contractor who performs more than one street-opening or right-of-way job per year can file an annual maintenance guarantee bond in a set amount instead of getting a bond for each individual project. The specifications for such bonds are as follows:
$20,000 Bond for up to 10 surface restorations by private contractors
$40,000 Bond for up to 20 surface restorations by a public utility
The chart below indicates the calculations of a singular street-opening or right-of-way job; or, such calculations are used to add appropriate coverage to the bond limit for a contractor who has exceeded the number of surface restorations indicated above.
Cost
Type of Work
$55 per foot
Sidewalk
$60 per foot
Straight Curb/Curb & Gutter
$90 per foot
Residential Drive Approach
$100 per foot
Commercial Drive Approach
$60 per foot
Trench/Pavement Repair
$85 per foot
Trench/Pavement Repair (full depth)
Greenville, Ohio Contractor Bond Rates
After your purchase, Jet will email a copy of your Right of Way/Street Opening Bond to the City of Greenville to jumpstart your application process. However, we will mail the physical copy to you, which you must sign and submit to:
City of Greenville ATTN: Planning and Zoning 100 Public Square