Site Improvement Bonds
Site improvement bond wholesaler for agents. Guarantee the on- and off-site improvements in a development agreement get built. Start a bond quote for your client.
A site improvement bond guarantees that a developer will build the on-site and off-site improvements required by a development or improvement agreement — streets, curbs, gutters, sidewalks, drainage, and utilities. Cities and counties require it before construction, and we place it for agents.
What a site improvement bond does
- →Guarantees the improvements in the development agreement are completed
- →Covers streets, curbs, gutters, sidewalks, drainage, and utilities
- →Protects the public agency (the obligee) if the developer does not finish
- →Sized to the agency's or engineer's cost estimate
Who needs one
- ✓Developers on subdivision and commercial site projects
- ✓Contractors building the required public improvements
- ✓Owners entering an improvement or development agreement
How to place it through Baker
- →Send the improvement agreement, the cost estimate, and the obligee
- →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.