Nevada contractors who wish to do business by and for the city of Reno, Nevada, are required to post a $5,000 surety bond.
This surety bond, which lists the city of Reno, Nevada as the obligee, guarantees that any work contracted for the city will be completed as required.
Qualifying and the Premium
You are automatically approved for the $5,000 City of Reno excavation bond. When you call us, we'll just take some basic information from you: The name that should appear on your surety bond, along with your contact information, including your address.
Once the premium of $100 is paid, our agency issues this bond to you immediately. Thereafter, we mail the bond to you, having signed as Surety. Upon receipt, you'll sign your bond as Principal before filing the bond and Power of Attorney (also provided by our agency) to the city.
Premium Prepayment Options
At $100 premium, the excavation surety bond is active for one year. Thereafter, the bond along with the premium will renew on the anniversary of its issuance. Our agency also offers you the option to prepay your surety bond up to 3 years, thereby saving you vis-a-vis annual renewals.
The premium prepayment options and savings are as follows:
Licensed contractors who wish to do work for the City of Reno must first apply.
The application is known as Encroachment/Excavation Application.
Contractors who have had their application approved must, among other rules, not listed here, abide by the following:
We also provide surety bonds for all 50 states.