Secure Your Blanket Building Construction Bond in El Paso, Texas
Effortless compliance and protection: Get your surety bond for construction projects in the City of El Paso today!
Your Trusted Partner for Quick, Hassel-Free Surety Bonds
TMD Surety Bonds is your local Texas surety bond agency. Since our establishment in 2011, we have helped thousands of customers with their bond needs. Our clients know they can count on our attentive customer service, surety bond mastery, and price transparency.
What Is a City of El Paso Blanket Building and Construction Bond?
The Blanket Building and Construction Bond is a type of surety bond required by the City of El Paso for general contractors. It ensures compliance with city regulations and covers damages, with a typical amount of $25,000.
Why Is a Blanket Building and Construction Bond Required in El Paso, Texas?
A Blanket Building and Construction Bond is required in El Paso, Texas to ensure contractors comply with city regulations12. This bond protects property owners and the city from potential damages, and guarantees the contractor’s performance.
Who Needs a City of El Paso Blanket Building and Construction Bond?
The City of El Paso Blanket Building and Construction Bond is required for those wishing to operate as contractors in El Paso, Texas. This bond is needed for the following project types:
- New Commercial & Tenant Improvements
- New Residential, Additions, Alterations, and Roofing
- Irrigation installations
- Site lighting & landscape installations
- Temporary structure placement
- Mobile placement permits
- Temporary sign permits
- Tents in excess of 200 square feet
- Fences
- Patch & paint permits
- Pavement cuts or excavation in the public right of way
How to Get a Blanket Building and Construction Bond in El Paso, Texas
Effortlessly secure your Blanket Building and Construction Bond in three simple steps! Experience the reliability and convenience of our hassle-free surety bond process.
How Much Is a Blanket Building and Construction Bond in El Paso, Texas?
The cost of a Blanket Building and Construction Bond in El Paso, Texas varies depending on the bond amount.
The bond amount usually falls between $10,000 and $50,000. A $10,000 bond will cost a flat rate of $100 for the full year, while a $25,000 bond will cost a flat rate of $250, and a $50,000 bond will cost a flat rate of $500.
These rates are affordable and provide value for money, ensuring compliance and protection for your construction projects.
Blanket Building Construction Bond FAQ
A Blanket Building and Construction Bond typically lasts for one year. It needs to be reviewed annually to ensure the values are updated and accurate.
The process of getting bonded for the City of El Paso can be done instantly on our automated website.
The city requirements include an Assumed Name Certificate, Contractor Registration Application, and a Certificate of Insurance. The bond amount is typically $25,000 or $50,000 but can be $10,000 for certain projects.
The Blanket Building and Construction bond carries a one year term. 30 days before your bond expires, TMD will contact you via email and or phone to renew your bond in a timely manner.
Yes, it’s possible to get a Blanket Building and Construction Bond with bad credit. You may need to provide financial stability documentation and pay a higher premium.
Need a Blanket Building and Construction Bond? Have Questions?
TMD Surety Bonds is here for your immediate bond needs.Â