What Is a Mishawaka City Excavation in Streets Bond?

A Mishawaka City Excavation in Streets Bond is a $5,000 surety bond required by the City of Mishawaka Engineering Department for contractors who dig, trench, or perform excavation work on public streets, sidewalks, or right-of-way areas. This bond guarantees that contractors follow local codes, safety regulations, and permit requirements and restore the affected area to its original condition.

If a contractor fails to meet city standards, damages infrastructure, or abandons a project, a claim can be made against the bond to cover financial losses or necessary repairs.

Key Points About the Bond:

• It is required for contractors performing street excavation work in Mishawaka.

• It guarantees compliance with city codes, permit conditions, and safety standards.

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

• It differs from insurance – a surety bond protects the city and the public, while insurance protects the contractor.

Who Needs a Mishawaka City Excavation in Streets Bond?

You may need this $5,000 bond if you:

• Perform excavation, trenching, or underground utility work in Mishawaka streets.

• Apply for an excavation permit from the City of Mishawaka Engineering Department.

• Work on public infrastructure projects requiring excavation.

From my experience, bonding requirements vary depending on project scope and location, so it’s best to check with the Mishawaka Engineering Department to confirm your specific bonding needs.

How Much Does a Mishawaka City Excavation in Streets Bond Cost?

Since this is a $5,000 bond, the cost is relatively low. The price you pay (the premium) is a small percentage of the bond amount and depends on credit history and business experience.

Typical Cost Range:

• Premiums typically range from $50 to $150 per year, depending on financial history.

How to Get a Mishawaka City Excavation in Streets Bond

Getting bonded is a simple process:

1. Verify your permit requirements – Check with the Mishawaka Engineering Department to confirm if you need a bond.

2. Apply with a surety bond provider – Provide business details to receive a quote.

3. Receive a quote – Your bond cost is based on credit, business experience, and financial standing.

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

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