City of Batavia, IL - Excavation Contractor
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $10,000 | 1 Year | $100 |
Excavation contractors performing work within the public right-of-way in the City of Batavia, Illinois are required to maintain a $10,000 surety bond. The bond helps protect city infrastructure and guarantees the proper restoration of covered excavated areas or parkways.
Cost of a City of Batavia, IL Excavation Contractor Bond
The cost of the $10,000 City of Batavia, IL excavation contractor bond is $100 for a one-year bond term. Get your bond from NNA Surety and use it today.
Why You Need a City of Batavia, IL Excavation Contractor Bond
The City of Batavia excavation contractor bond helps hold contractors accountable for work performed within the public right-of-way and for properly restoring covered excavated areas or parkways. It provides a financial safeguard when a bonded contractor fails to meet obligations secured by the bond.
The surety bond involves three parties:
- Principal: Excavation contractor
- Obligee: City of Batavia, IL
- Surety: Bonding company
If a bonded contractor fails to meet obligations covered by the bond, an eligible claim may be made against the bond. The contractor is responsible for reimbursing the surety for any valid claim amount paid.
How to Get a City of Batavia, IL Excavation Contractor Bond
Follow this simple bonding process:
- Complete this bond application with your business, contractor, and project information.
- Pay the $100 annual premium for the $10,000 bond.
- Receive the required bond form and complete any required execution information.
- Submit the bond to the City of Batavia as required for excavation work within the public right-of-way.
Working with NNA Surety makes it simple to obtain the excavation contractor bond required for your business.
Apply for Your City of Batavia, IL Excavation Contractor Bond Today
Secure your City of Batavia, IL excavation contractor bond and meet the applicable bonding requirements for your business. Apply Now to get started. For more information, call 855-457-2196 to speak to our team of Illinois surety bond experts.