What Is a South Bend City Excavation in Streets Bond?

A South Bend City Excavation in Streets Bond is a $5,000 surety bond required by the City of South Bend for contractors who dig, trench, or perform excavation work on public streets, sidewalks, or right-of-way areas. This bond ensures that contractors comply with local codes, safety regulations, and permit conditions while working on public infrastructure.

If a contractor fails to follow city standards, damages infrastructure, or does not properly restore the affected area, a claim can be made against the bond to cover necessary repairs or financial losses.

Key Points About the Bond:

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

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

• It protects the city and the public from financial losses due to improper or incomplete work.

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

Who Needs a South Bend City Excavation in Streets Bond?

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

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

• Apply for an excavation permit from the City of South Bend.

• Work on projects involving roadways, sidewalks, or public right-of-way areas.

From my experience, bonding requirements vary based on project type and location, so it’s best to check with the South Bend Public Works or Engineering Department to confirm your bonding needs.

How Much Does a South Bend City Excavation in Streets Bond Cost?

Since this is a $5,000 bond, the cost is relatively low. The premium you pay is a small percentage of the bond amount and depends on your 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 South Bend City Excavation in Streets Bond

Getting bonded is a simple process:

1. Verify your permit requirements – Check with the South Bend Public Works or 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.