Texas – Austin Right of Way Bond
AmeriPro Surety Bonds | 844-589-9732
Austin, Texas Contractors — Right of Way;
Purpose of the Surety Bond Requirement
Right-of-way contractors in Austin, Texas, are required by the Austin Transportation Department to secure a $10,000 surety bond as a prerequisite for licensing with the city.
The surety bond is a financial guarantee for Austin, which holds this city harmless for any defect in the workmanship of a licensed contractor; harm caused by any contractors, employees, or subcontractors hired by the bonded entity.
Furthermore, the surety bond is a financial guarantee that all damage caused will be repaired and that work performed will be warranted for a period of one year thereafter.
Qualifying and the Premium
You are automatically approved for the $10,000 Austin right of way bond. There is no review by an underwriter, nor is there a qualification based on your credit score.
The premium is just $100 annually. Additionally, your bond will have an expiration date of December 31st of the year in which it is issued.
Issuing your surety bond is very easy.
When you call us, we’ll ask for the name as it should appear on your surety bond. As a note, this name should match any other paperwork that you’ll be filing with the city.
Then we’ll need the basics: your address, phone number, and email address. Also, we’ll need to know the Aif address phone number, and your type of business (LLC, corporation, etc.)
After payment of the $100 premium, your surety bond and a Power of Attorney form are issued to you immediately.
Upon receipt of your surety bond by mail, you’ll sign it and file all documents received to:
City of Austin
Transportation Department, Right of Way
505 Barton Springs Road, Suite 850
Austin, TX 78704
Premium Prepayment Options
Your right-of-way bond may be prepaid up to 3 years at your discretion. Premium prepayment lengthens the time between renewals (you will still have an expiration date of December 31st) and save you over annual renewals.
The premium prepayment options are 2 years for $180, a $20 savings; and 3 years for $260, a $40 savings.
AmeriPro Surety Bonds offers surety bonds in all 50 states.
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