August 16, 2017
Technical Assurance, LLC

Subdivision Bonds

Subdivision bonds guarantee to governmental entities that a subdivider will put in roads and utilities in accordance with plans approved by the local engineer.  This is in essence a completion obligation which guarantee's a contractor's performance, without any corresponding obligation for the project owner or obligee to pay the contractor for the work performed, and should be discussed with your Technical Assurance professional in advance of entering into this contractual obligation.