What Is an Indianapolis Curb, Sidewalk & Driveway Contractor Bond?

An Indianapolis Curb, Sidewalk & Driveway Contractor Bond is a surety bond required by the Indianapolis Department of Business and Neighborhood Services (BNS) for contractors working on public or private curbs, sidewalks, and driveways. This bond ensures that contractors follow local building codes, safety regulations, and permit requirements when performing concrete or paving work.

If a contractor fails to meet city standards, causes damage, or abandons a project, a claim can be filed against the bond to cover any financial losses or necessary repairs.

Key Points About the Bond:

• It is required for contractors working on curbs, sidewalks, or driveways in Indianapolis.

• It ensures compliance with city codes, safety standards, and permit requirements.

• It protects the city and property owners from financial losses due to improper work.

• It is different from insurance – while insurance protects the contractor, a surety bond protects the public and government agencies.

Who Needs an Indianapolis Curb, Sidewalk & Driveway Contractor Bond?

You may need this bond if you:

• Install, repair, or modify sidewalks, curbs, or driveways within Indianapolis city limits.

• Apply for a contractor’s license or permit from the City of Indianapolis.

• Work on public infrastructure or right-of-way areas requiring city approval.

From my experience, bonding requirements vary based on the project type and location, so it’s best to check with the Indianapolis Department of Business and Neighborhood Services (BNS) to confirm if you need a bond.

How Much Does an Indianapolis Curb, Sidewalk & Driveway Contractor Bond Cost?

The bond amount required is determined by the City of Indianapolis, and the cost you pay (the premium) is a percentage of the bond amount. The price varies based on factors like credit history, financial standing, and business experience.

Typical Cost Range:

• Bond premiums typically range from 1% to 10% of the total bond amount.

• If a $10,000 bond is required, the annual premium could be between $100 and $1,000, depending on credit history and business financials.

How to Get an Indianapolis Curb, Sidewalk & Driveway Contractor Bond

Getting bonded is a straightforward process:

1. Verify the bond amount required – Check with the Indianapolis BNS for your specific bonding requirements.

2. Apply with a surety bond provider – Submit business and financial details for a quote.

3. Receive a quote – Your bond rate is based on credit, experience, and other financial factors.

4. Pay for the bond – Once you accept the quote, make your payment.

5. Receive your bond certificate – Submit the bond with your permit or license application.