Subdivision Bonds / Municipality Bonds

 Subdivision bonds & municipality bonds is a group of surety bonds including site improvement bonds, land improvement bonds, plat bonds, completion bonds, or simply performance bonds. 

The key difference between subdivision bonds from regular contract performance bonds is that the owner/developer (the principal) has to pay the cost of building the bonded improvements rather than the public agency (the obligee). 

Not all sureties write subdivision bonds. South Coast Surety and the surety companies we represent are well experienced in providing developer bond support. Give us a call today at 800-361-1720 and discuss your bonding needs with a subdivision bond specialist. 

We can quickly help you with the following, at no charge:

  • Contract bond line review
  • Confirm you have best rate & bond line limits available
Contractors are required by certain local governments to get a subdivision or municiaplity bond when starting a project building a subdivision. Subdivision developer bonds are a type of performance bond that guarantees you will finish all your work within a given time frame outlined in your contract. If you don't complete your improvements on time, the developer surety bond covers costs and losses for the municipality.
Contractors working on subdivision projects are required to obtain this contract surety bond.
The cost depends on the size of your project and your business history and financial health. Contact our contract bond team today and we'll help you get the best rates avaiable in all 50 states.
Call 800-361-1720 or fill out the short form below and we'll quickly reach out to learn more about your project. Once we have enough information, we'll get you a free bond quote.