The City of Portland $2,000 Street Opening Permit Bond is required by the Portland Bureau of Transportation for businesses that perform construction on public streets. The bond is a financial guarantee that the work will be completed to the specifications of Portland City Code 17.32.040 and follow the permit requirements for digging, excavating and undermining the streets of the city. The bond further reassures that the contractor will maintain the street in good repair for two-years following the construction.
Jet Insurance offers the lowest rate in the market for this bond! To apply, click the link above and recieve your bond within minutes.
The cost for the $2,000 Street Opening Permit Bond is $100 with Jet. Unlike other carriers and brokers, with Jet there are no hidden fees, commissions or extra paperwork between contractors and their permit bond.
Jet can assure that the bond will be issued to you online within minutes. An original copy will then be mailed to you right away so that you may get started on your permit application.
The city requires the original bond form to be submitted along with the Portland street opening permit application before work can begin. Jet will send the original signed and sealed bond form to the contractor for a counter signature. The contractor will then need to sign the form and send it to the address below:
City of Portland
Street Systems Management
1120 SW 5th Ave. Suite 800
Portland, OR 97204
The people of Portland need their streets to be in good working condition. They rely on them in order to get around safely for daily activities, and businesses rely on this same system in order to deliver goods and services. Because of this, the City of Portland Bureau of Transportation has systems in place to ensure that their citizens can continue to travel throughout the city on streets and sidewalks that are safe, usable and up to permit regulations.
The Street Opening Permit Bond is one tool for the City of Portland to make certain that permit regulations will be upheld. Permit regulations covered by the bond include street opening construction such as digging up, to break into, excavate, disturb, dig under, or undermine the street or any surrounding public area. It also ensures that contractors will immediately remove all surplus sand, dirt, rubbish and any other materials following the completed project. The City Engineer will then determine if all construction has been completed to a satisfactory level for their citizens.
This bond is a financial guarantee work will be completed up to permit regulations. The bond will then remain active for two years following the completed construction and will provide a guarantee against settlement or possible damage. The bond also serves as a guarantee for multiple permits that may be needed throughout the construction process.
Contractors working on a street opening project for Portland will need to follow the terms and conditions stated in the permit in order to avoid any repercussions. There are five areas of concern that can cause such issues for contractors:
The City of Portland is the party that will bring action against the contractor. Contractors will typically be given an opportunity by the City Engineer to fix any mistake or damage that was made. If the mistake or damage is not fixed, then the City of Portland may file a claim against the surety bond to recover losses up to $2,000.
If for some reason a contractor needs to cancel this permit bond a written request (email is fine) needs to be sent to Jet. Jet can then request cancellation from the City of Portland who may accept or deny the request.
If Portland accepts the cancellation, there is a 30-day cancellation period in which the bond will remain active following the receipt of the cancellation notice. Typically the bond remains active for the entirety of the permit with Jet and the permitted contractor obligated to the terms and conditions of the permit. The cancellation notice should otherwise be sent to the City Engineer at the following address:
1900 SW 4th Ave. Suite 5000
Portland, OR 97201
If the bond must be cancelled before permitted work begins, then Jet can refund the $75 payment once the City of Portland releases Jet’s liability. Otherwise the bond payment will not be refunded.
Yes, the City of Portland requires construction in a right-of-way location to secure other bonds and permits before such construction can begin. The Oregon Contractor License Board also requires all contractors to obtain a licensing bond. You can find the license application on the CCB website.