Surety Bond Encyclopedia

Street Cut ($50,000) Bond - City of Tuscaloosa, AL in Alabama

Brief Summary

Cutting into a City of Tuscaloosa street takes a street cut permit, and the $50,000 bond is what backs your promise to put the pavement back right. You pay a premium instead of posting $50,000 in cash, and the bond can usually be issued quickly once you know the name and form the city wants.

The City of Tuscaloosa requires a street cut permit for work that opens a city street, and the city issues it through its online Street Cut Permit Application. The $50,000 street cut bond names the City of Tuscaloosa as obligee and guarantees that the contractor or utility performing the cut follows city requirements and restores the street. Confirm the current bond form and filing steps with the city before the bond is issued.

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How to Apply for a Street Cut ($50,000) Bond:

  • Contact the City of Tuscaloosa to confirm the bond form, obligee wording and where to file.
  • Complete the city's online Street Cut Permit Application.
  • Provide the legal name of the contractor or utility exactly as it will appear on the permit.
  • Owner or company details for the surety's credit review.
  • Pay the premium and receive the executed $50,000 bond.
  • Deliver the original bond to the city before work in the street begins.

Detailed Information About the Alabama Street Cut ($50,000) Bond:

Who posts this bond

The bond is posted by the contractor, utility or other party that will cut into a City of Tuscaloosa street, whether for a new service line, a utility repair or other underground work. The City of Tuscaloosa is the obligee. The party doing the work is the principal.

What the bond guarantees

A street cut bond protects the city if the work is not done to its standards. That usually means failing to backfill, compact or repave the cut properly, leaving a hazard in the right of way, or not paying for repairs the city has to make. If that happens, the city can claim on the bond up to $50,000. The surety pays valid claims and then recovers the amount from the principal.

Permit and bond go together

The city lists the Street Cut Permit Application among the permits on its building permit page and takes the application online. Plan for the bond to be in hand before the permit is issued, since the city typically will not authorize the cut without it.

Before the bond is issued

The city's web pages do not publish the bond form or filing details. Before ordering, confirm with the City of Tuscaloosa the exact obligee wording, whether the city has its own bond form, whether one bond can cover multiple cuts during the year, and where the original bond should be delivered.

Eligibility and Requirements for a Alabama Street Cut ($50,000) Bond:

  • Bond amount of $50,000.
  • City of Tuscaloosa named as obligee.
  • Principal name matching the street cut permit application exactly.
  • Street restoration to the city's standards.
  • Credit review of the company and its owners by the surety.

Alabama Street Cut ($50,000) Bond FAQs:

Who needs this bond?

The contractor, utility or other party that will cut into a City of Tuscaloosa street and is applying for a street cut permit.

How do I apply for the street cut permit?

The City of Tuscaloosa takes Street Cut Permit Applications online through a link on its building permit page.

What does the bond cost?

The surety sets the premium after reviewing the company's credit and financial strength. Stronger credit generally means a lower premium on a $50,000 bond.

What can the city claim for?

Costs that come from the work not being done or restored to city requirements, up to the $50,000 bond amount. The surety pays valid claims and the principal repays the surety.

Is there a city bond form?

Ask the City of Tuscaloosa before ordering. If the city has its own form, the surety will complete that form.

Official and Additional Resources for the Alabama Street Cut ($50,000) Bond:

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