This bond ensures that the permitted Right-Of-Way Contractor will faithfully perform all work in accordance with the City of Fort Collins Code Sec. 15-367, and protects the public from any damages, liability, or loss due to the misconduct or negligence of the licensed contractor, their employees, and/or agents.
Any individual applying for a Right-Of-Way Contractor's License in the City of Fort Collins, CO is required to file this $20,000 bond with the city before their license will be approved.
The costs of the bond are as follows:
1 year - $230
2 years - $402.50
3 years - $575
To apply for your Fort Collins, CO Right-Of-Way Contractor's License Bond, complete and submit the application below. You may also download a .pdf application, and email it to firstname.lastname@example.org, or fax it to (949)361-9926. If you choose to email or fax your application, please download and complete a payment form and attach it to your documents.
Your bond will be issued within 1-3 days after you submit a completed application and payment.
This bond may also be referred to as a Fort Collins Contractor Surety Bond.
A surety bond is a three-way agreement between a Principal (the individual applying for a Right-Of-Way Contractor's License in Fort Collins), an Obligee (City of Fort Collins Engineering Department), and a surety company (the company financially backing the bond's guarantee). A surety bond is NOT an insurance policy for the principal; instead, it protects the Obligee from any liability resulting from misconduct or negligence on behalf of the Principal. This bond guarantees that the Principal understands and agrees to comply with all laws, rules, codes, and regulations set forth by Fort Collins - detailed in the Fort Collins Code Sec. 15-367.
This $20,000 is a pre-licensure requirement for anyone applying for a Right-of-Way license in the City of Fort Collins. The costs of the bond are as follows:
This bond is an "Instant Issue" bond, meaning that there is no underwriting required, and therefore no credit check for the application.
If, during the course of your work under a Right-of-Way License, there are any damages, liabilities, or issues that arise as a result of negligence or misconduct, there will be a claim filed against your bond. Your surety company will make the initial payments, at which point you will be obligated to repay the full amount, including any associated fees. In addition to repayment, your surety may revoke your bond, at which point your license will be invalid until you are able to file a new bond.
Claims against your bond are marks against your "credit" in the bond market, meaning that a history of claims will make it increasingly more difficult to obtain new bonds. Therefore, it is important that you and all employees working under the bond clearly understand the terms and expectations for both license and bond.
I have processed 2 defective title bonds through South Coast Surety and I am the type that gets worried for any little detail and want to make sure everything is done correctly the first time to prevent double work for myself and everybody. Knowing how I am both times I had to call customer service and they answered every little question I had in a very nice and gratifying way that made me feel I would not have any problems in which I did not. South Coast Surety has the ultimate best customer service.
Gaby - CA
I was shopping for a surety bond for the first time and having trouble communicating with several different companies. When I contacted South Coast Surety they responded quickly and performed the transaction quick and easy. I might have been able to find a lower price, but their professionalism was worth a couple extra dollars.
KG C. - CA
We are opening up a Mental Health Residential Treatment Center and needed a Surety bond since we will be handling some clients cash resources. I reached out to South Coast Surety, they sent me an application, paid our premium and had our bond sent to us immediately. Everyone I spoke to and emailed was courteous, attentive and responded very quickly. We will most definitely continue to get all of our bond services from South Coast.
John F. - CA
Great customer service from South Coast Surety. When I had questions about the bond and process, their customer service team assisted me with a sense of urgency and answered my questions. I recommend using their services. I will be a returning customer.
P&C B. - CA
I needed a surety bond and was referred by another company to south coast. I am very impressed with the level of customer service in every stage of issuing the bond, the rapid response to the get the bond issued and communication with the team. Great team and awesome service. I highly recommend South Coast Surety for you bond needs.
Mirwais A. - CA
I was in need of obtaining my CA Insurance Bond. I was able to obtain my required Bond quote online within minutes. I approved the quote and requested the Bond to be issued. On the same day, I received the Evidence of Coverage. Could not ask for better pricing or better service. I highly recommend South Coast Surety to meet a wide range of Bonding needs.
Udo G. - NJ
South Coast Surety has been proudly providing surety support to all fifty U.S. states for twenty years. Starting out as a small agency with a dream in San Clemente, California, we have steadily grown into one of the largest bond-only agencies in the nation. We write all commercial bonds and contract bonds for every American business and industry. Our greatest achievement is helping our clients grow their business alongside our own through coaching and obtaining larger bonding limits at the best rates. We work hard for our clients and take pride in bonding businesses that have been declined by our competitors.