The New York State Department of Transportation requires this bond when the bondholder has received and will apply for permits for the purpose of constructing or maintaining drive entrances, sewer lines, water mains, gas mains, utility lines and poles, street intersections, curb, sidewalk, drainage and excavating for miscellaneous structures, etc., on or within the right of way of highways under the jurisdiction of the State of New York, Department of Transportation. The bond ensures that work projects are completed in a timely and workmanlike manner. The required bond amount varies. Surety1 can write this bond for as little as 1%. The required bond amount is $10,000. To determine the cost of this bond, simply complete our easy online application.
To Attain a New York Performance Bond – Department of Transportation:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.