Work on a public right-of-way in Paris, Texas may need to include a $5,000 Right-of-Way Permit Bond be filed with the City before the job can begin. Jet Insurance Company can provide this bond in minutes online should a contractor find themselves in need.
The cost of the bond starts at $100 and nearly all applicants would qualify at that rate. *However, we do need to run a soft credit check in order to see if the contractor fits within our underwriting tolerances.
Bond Limit | Cost |
---|---|
$5,000 | *$100 |
The bond will be sent by Jet to our contact at the City of Paris following the purchase of the bond. Contractors will receive a copy of the bond and receipt. Should the need arise to file the original bond document, it would need to go to the address below:
City of Paris
135 SE 1st Street
Paris, TX 75460
Why on earth does the City require a bond for a right-of-way project? Perhaps the City of Paris took a page out of the French Playbook and over-regulated this? Maybe, but the bond is for the financial protection of the City should the contractor not return the public spaces utilized to their original condition. The intent is for the City to stay beautiful and not for the City to have to pay for the contractor's negligence. The surety bond is Jet’s promise to make payment to the City should the contractor fail to uphold their permit requirements.