Subdivision Development bonds require that the contractor make the required mandatory site improvements required by the city on any newly developed property. A good current example is the construction of new communities that have been planned out and will include the construction of public improvements as determined by the government. A claim might arise when the contractor/developer becomes insolvent or simply doesn’t make the required improvements.
Bonding Solutions has written Subdivision Development bonds for home builders and developers for many years. Being a bonds only agency allows us to develop the relationships with surety companies that are key to writing subdivision bonds in this hard market.
Please Give us a call and let one of our bond managers start the application process today.
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