Monument Bonds
Monument bond wholesaler for agents. Guarantee the survey monuments for a subdivision are set by a licensed surveyor after the work is finished. Start a bond quote.
A monument bond guarantees that the survey monuments for a subdivision will be set by a licensed land surveyor or civil engineer after the improvements are completed. The Subdivision Map Act requires it when monuments are deferred, and we place it for agents.
What a monument bond does
- →Guarantees the required survey monuments are set after construction
- →Guarantees the surveyor is paid for setting them
- →Protects the public agency (the obligee) if the monuments are never placed
- →Sized to the surveyor's estimate for the monument work
Who needs one
- ✓Subdividers recording a final map with deferred monuments
- ✓Developers whose map conditions require a monument bond
How to place it through Baker
- →Send the map, the surveyor's estimate, and the obligee (city/county)
- →We match it to a surety market and return terms
- →Start a bond quote, or send the application link to your client
** Terms used here are a summary only. Always refer to the bond form and the obligee's requirements.