The Fort Worth Street and Storm Drain Contractor Bond protects the City of Fort Worth against contractors who are working on or near public streets. The bond protects the state from any damages incurred due to errors or failing to follow regulations during the construction process.
Contractors are required to obtain a Fort Worth Street and Storm Drain Contractor Bond prior to applying for a construction license. The bond is a binding agreement and ensures that the contractor will abide by all local ordinances. If a contractor fails to execute his or her duties as agreed, the City of Fort Worth can collect against the bond for damages incurred.