Subdivision Bonds — Part 3
A partial list of types of construction work that are covered by the Subdivision Surety Bond have to do with the site work: Grading, Roads, Sidewalks/curbs, Water connections, Sewer utilities, Electric utilities, Street lights, Drainage, Retention ponds, Landscaping,...
Subdivision Bonds — Part 2
Subdivision bonds, a type of surety bond, are currently in demand as housing prices continue to rise and developers look to build homes and housing developments. Builders purchase raw land for the project and depending on which governmental entity — states, counties,...
Subdivision Bonds — Part 1
A land subdivision is when a developer takes a piece of raw land with nothing on it, and divides it into smaller pieces or lots, presumably to build homes. The lots can become other things, but typically it is intended for homes. Let’s say you have a one-acre...Bonding Agencies and What to Look For [VIDEO]
What is the most important characteristic to look for in a bonding agency? In my opinion, attention to detail. Having to go back and reserve the liens because someone was careless is a waste of your time, money, and effort. Neil Pedersen PEDERSEN & SONS SURETY...