Street Opening Bond - Malden

Street Opening Bond – Malden, MA

If you’re a contractor, utility company, or business owner planning to perform excavation, construction, or underground utility work in Malden, Massachusetts, you must obtain a Street Opening Permit from the city’s Department of Public Works (DPW). A crucial part of this permitting process is securing a Street Opening Bond, which ensures that any work performed on public property—such as roads, sidewalks, and right-of-way areas—is completed safely, correctly, and in compliance with city regulations.

At Axcess Surety, we help contractors secure the required Street Opening Bonds quickly, affordably, and with minimal hassle, so they can stay compliant and avoid project delays.

What is a Street Opening Bond in Malden?

A Street Opening Bond is a surety bond required by the City of Malden for any contractor or company performing work that disturbs public roadways, sidewalks, or infrastructure. This bond acts as a financial guarantee that the contractor will:

✔️ Complete the work according to the city’s construction standards.
✔️ Properly restore any disturbed areas (streets, sidewalks, utilities, etc.).
✔️ Repair any damage or defects caused by the project.
✔️ Cover any financial liabilities related to unfinished or improper work.

If the contractor fails to meet these obligations, the city may file a claim against the bond to recover the cost of repairs, restoration, or corrective action. The contractor is ultimately responsible for reimbursing the surety company for any claims paid out.

Who Needs a Street Opening Bond in Malden?

A Street Opening Bond is required for anyone performing excavation, digging, or construction work that impacts public property. This includes:

✅ General Contractors – Performing roadwork, sidewalk repairs, or excavation projects.
✅ Excavation Companies – Digging trenches, installing underground systems, or modifying existing utilities.
✅ Utility Service Providers – Installing, maintaining, or repairing water, sewer, gas, electrical, or telecommunications lines.
✅ Landscaping & Hardscaping Contractors – Modifying public walkways, driveways, or curbs.
✅ Developers & Property Owners – Connecting new buildings to public infrastructure.

If your work involves public streets, sidewalks, or right-of-way areas, obtaining a Street Opening Bond is mandatory before receiving a permit from Malden’s Department of Public Works (DPW).

Why Does Malden Require a Street Opening Bond?

Malden enforces bonding requirements to protect public infrastructure, ensure contractor accountability, and prevent financial burdens on taxpayers. The bond helps:

✔️ Ensure Quality Work – Contractors must follow all safety and construction regulations.
✔️ Protect Public Property – The city has a financial guarantee that roads, sidewalks, and utilities will be restored properly.
✔️ Reduce Liability Risks – Prevents the city from bearing costs for damaged infrastructure or unsafe conditions.
✔️ Encourage Responsible Contracting – Ensures that only qualified contractors take on projects in Malden.

In our experience, cities that strictly enforce Street Opening Bonds see fewer abandoned projects, fewer safety hazards, and lower long-term maintenance costs on public property.

Malden Street Opening Permit Requirements

Before starting work that affects public roadways, sidewalks, or utilities, contractors must obtain a Street Opening Permit from the Malden Department of Public Works (DPW).

Key Permit Requirements:

📌 Completed Application – Submit a detailed description of the project, including scope, location, and duration.
📌 Street Opening Bond – A surety bond (amount determined by the DPW) ensuring compliance and restoration of public property.
📌 Certificate of Insurance – Contractors must carry liability insurance listing the City of Malden as an additional insured.
📌 Project Plans – Drawings, maps, and specifications outlining the impact on public infrastructure.
📌 Traffic Management Plan (if required) – If the project disrupts traffic flow or pedestrian access, a detour or safety plan may be necessary.
📌 Permit Fees – Fees vary based on the type and scope of work.

🔗 Malden Public Works Permits Information

Once the permit is approved, contractors must adhere to all city regulations, safety standards, and timeline requirements.

How Much Does a Street Opening Bond Cost?

The cost of a Street Opening Bond (also known as the bond premium) depends on:

📌 The required bond amount (determined by Malden DPW).
📌 Your credit score and financial history – Strong credit = lower premium.
📌 The type of work being performed (excavation, repairs, new installations, etc.).

Estimated Costs for Malden Street Opening Bonds:

Small Bond Requirement (e.g., $5,000 - $10,000) → Estimated $100 - $250 per year.
Medium Bond Requirement (e.g., $25,000 - $50,000) → Estimated $250 - $750 per year.
Large Bond Requirement (e.g., $100,000+) → Pricing varies based on risk assessment.

At Axcess Surety, we work with multiple surety providers to secure the lowest possible rate, even if you have credit challenges.

How to Obtain a Street Opening Bond in Malden

Getting your Street Opening Bond is quick and easy when you work with the right surety provider.

Step-by-Step Process:

1️⃣ Verify Bond Requirements

Contact Malden DPW to confirm the exact bond amount required for your project.

2️⃣ Submit a Bond Application

Provide basic business details, project scope, and financial history.

3️⃣ Underwriting Review

The surety company evaluates credit history and financial strength.
Some applicants may need to submit additional documentation.

4️⃣ Receive a Bond Quote

Get a final premium price based on risk factors and bond amount.

5️⃣ Pay for the Bond & Receive It

Once approved, pay the premium and receive the official bond certificate.

6️⃣ File the Bond with Malden DPW

Submit the bond along with your permit application.

⏳ Most bonds can be issued within 24 hours!