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What Is a Right of Way Bond?
A right of way bond may be required if you want to conduct work on public highways and roads, or similar public spaces. It is one of the criteria for obtaining a right of way permit.
This is a type of permit bond, which guarantees you will abide by the law in your work in public areas. The ROW bond ensures you will comply with the rules set in your permit. In case you transgress from your obligations, you can face a bond claim. It can be used to compensate any affected parties.
Right of way bonds work just like other surety bonds. They are a contract between three parties. Your business is the principal that needs the bonding. The authority that requires the bonding is the obligee. The third entity that provides the bonding is the surety.
Questions about Right Of Way Bond
Who needs to get bonded?
A number of businesses may need to post a right of way bond. It is typically required from construction contractors who want to work on public highways, roads, or other areas. Before you apply for a license, or engage in such projects, it’s best to check the exact requirements that you would have to meet.
Here are some locations which frequently require a right of way bond:
| MDOT Right of Way Bond | If you need to obtain a right-of-way construction permit in Michigan, you will have to post a surety bond to the the Department of Transport (MDOT). |
|---|---|
| Tacoma Right of Way Bond | In case you want to get a permit for work on public areas in the City of Tacoma, you will have to post a $15,000 right of way bond by using the [official bond form](http://tacomapermits.org/wp-content/uploads/2015/07/G-220-ROW-and-Perfo…). |
| Harris County Right of Way Bond | Contractors in Harris County, Texas, need to obtain a right of way bond to get a permit. |
| City of Austin Right of Way Bond | Construction specialists in Austin who want a ROW permit have to post a $5,000 bond to the city authorities. |
| City of Atlanta Right of Way Bond | If you want to operate on public highways and roads in Atlanta, you will need a ROW bond. |
| City of Jacksonville Right of Way Bond | In Jacksonville, Florida, you need a surety bond in order to obtain your city ROW permit. |
| BLM Right of Way Bond | If you need a permit from the Department of Interior’s Bureau of Land Management, you will have to post a bond in an amount set by the authority. |
| City of Austin Right of Way Bond | Construction specialists in Austin who want a ROW permit have to post a $5,000 bond to the city authorities. |
| City of Atlanta Right of Way Bond | If you want to operate on public highways and roads in Atlanta, you will need a ROW bond. |
| City of Jacksonville Right of Way Bond | In Jacksonville, Florida, you need a surety bond in order to obtain your city ROW permit. |
How much does it cost to get bonded?
What you have to pay to get bonded is directly linked to the bond amount you need to post. This amount is determined by the authorities requiring the bond and providing the ROW permit.
You only have to cover a bond premium, which a fraction of the bond amount. In most cases, it is between 1% and 5%, if your finances are in good shape. For a $15,000 bond, this can mean a premium of $150 to $750.
Your bond cost is also determined on the basis of your personal and business finances. Your surety has to take a close look at your personal credit score, business documents, and any liquidity and assets you may have.
Your business experience can also be a factor. The goal of this assessment is to measure the level of risk involved in the bonding. If your finances are solid, you can expect a lower bond price.
Do you have more questions about your bond price formation? You can consult our surety bond cost page for a complete overview.
Can I get a bond with bad credit?
Even if you have problematic finances, you can still get bonded with us. Lance Surety Bonds operates its Bad Credit Surety Bonds program for applicants with low credit scores, tax liens, bankruptcies, or civil judgements.
The typical bad credit bonding premiums are in the range of 5% and 10%. Even though the bond price will be higher, you are guaranteed a great bonding rate with us. We have close partnerships with numerous A-rated, T-listed surety companies, so we can shop around for you.
How Do I Get Bonded?
Do you want to start your bonding process today? You can apply online for a free, no-obligations right of way bond quote. If you need to get an exact bond price, you can complete the full application and we will deliver it in no time.
Our How to Get Bonded page can provide you with an extensive overview of the bonding process.
Have more questions? Just call us at (877) 514-5146. Our bonding experts will be happy to help you.
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Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!