A Soil Erosion Bond or a Right-of-Way Bond must be filed by contractors who wish to do such work in Montgomery, Ohio. Both bonds are permit requirements that provide the City security that the project sites will be returned to a usable condition.
With Jet, Montgomery Contractor Bond prices start as low as $100. Rates are dependent on the bond limit needed, and may also be determined by a soft credit check. See the chart below for our starting rates for different limits.
Bond Term | Cost |
---|---|
$10,000 | $100 |
$25,000 | $125 |
Bond limits are typically assigned based on the size of the job in an amount that would be sufficient to restore the site. A set limit of $2,000 is used for single-family rebuilds.
After your purchase, Jet will send your bond form to you. You must sign it and send the original form to the address below:
City of Montgomery
10101 Montgomery Rd
Montgomery, OH 45242
Since the construction projects are typically in public roadways or other transportation paths (sidewalks, driveways, etc.), it is vital that the contractor completes the job per contract specifications and the Montgomery Code of Ordinances. Failure to restore the site is not only an inconvenience to the public, but it may also be a safety hazard. The bond protects against this by providing funds for the City to complete a project when contractors fail or refuse to fulfill their obligations. Following a bond claim payout, the contractor must repay Jet for making amends to the City on their behalf.