If you are planning to work as a contractor in Port Arthur, Texas, you will need to hold a Building Contractor’s Bond along with your permit. The bond is used as restitution for the City and its people when a contractor breaks building regulations or the terms of the construction contract, leading to financial damage.
For small projects, like roofing or foundation work, a $15,000 Building Contractor Bond is sufficient; larger projects require a $25,000 Building Contractor Bond.
Your Port Arthur Contractor Bond can cost as little as $10 a month or $100 a year. Price will vary depending on the bond limit needed for the size of the project you are working on. See the chart below for guaranteed rates.
Bond Limit | Cost | Annual |
---|---|---|
$10,000 | $10 | $100 |
$25,000 | $13 | $125 |
After you have paid for your Contractor Bond, Jet will complete your form. The original copy must be mailed to Port Arthur’s Inspections and Permits Department. You can either leave it to Jet to file (and we will happily do so, free of charge) or if you are submitting other items, such as the Building Permit Application, our team will send it to you. Once you have all your paperwork ready, you must mail it in to:
City of Port Arthur
Inspections and Permits
444 4th St
Port Arthur, TX 77641
Contractor Bonds in Port Arthur are valid for one year from the date they are issued. A current bond is mandatory to be able to work as a contractor within city limits; you must renew the bond as needed to continue work. Contractors must also hold a certificate of liability insurance with a minimum of $100,000.
A contractor is able to do the following work on buildings or structures:
In order to avoid a claim on the Contractor Bond, you must follow the Port Arthur Building Code and other contractual obligations. Any loss or damage that occurs from the performance of you or your subcontractors on the job site is your responsibility; you need to provide compensation for any such loss or damage. If you do not, the injured party will be able to file a claim on the bond to get paid.
If there is a bond claim payout, you are still bound to pay Jet back for the amount of the claim. In the end, it is best to just complete the contract according to regulations right away.
Are you in need of other surety bonds in the Port Arthur area? Check out what else Jet has to offer:
Beaumont Contractor Bond
Groves Contractor Bond or Waste Disposal Bond
Nederland Contractor License Bond
Port Neches Contractor Bond