A Subdivision Surety Bond is also called a site improvement bond, a plat surety bond, a completion bond, or a performance bond. Subdivision Bonds help cover the owner or developer. The key difference between Subdivision Bonds and 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).
The Surety Group offers discounted programs and works with businesses with credit challenges because we have access to credit from over 30 sureties. With our easy, one-page application and same-day approval, you can have your Subdivision Bond tomorrow. You can also download and fax your application. If you are unsure about the requirements or how to apply for a bond, please call us at 800-486-8211.