Surety Bond Encyclopedia

General Contractor ($25,000) Bond - City of East Point, GA in Georgia

Brief Summary

East Point ties permits to its code compliance bond program, and a general contractor who has the $25,000 bond on file can pull permits without asking every client to sign a notarized waiver. One bond, issued once, covers the work you permit in the city.

The City of East Point, Georgia requires contractors to carry a City of East Point Code Compliance Bond to obtain permits, and general contractors post the $25,000 bond. The bond guarantees the contractor will follow East Point's building and related codes. A property owner can waive the bond for a single permit by signing the city's notarized waiver and indemnification form, so the requirement is not absolute on every job.

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How to Apply for a General Contractor ($25,000) Bond:

  • Decide whether to carry the bond or have the property owner sign the city's notarized waiver for a one time permit.
  • Get the current general contractor bond form from the City of East Point Planning and Community Development Department.
  • Have your East Point business license number and state contractor certification ready.
  • Complete the bond application and review the quoted premium.
  • Pay the premium and receive the signed $25,000 bond.
  • File the original bond with the city before applying for permits.

Detailed Information About the Georgia General Contractor ($25,000) Bond:

The owner waiver most contractors never hear about

East Point publishes a Code Compliance Bond Waiver and Indemnification form. The property owner completes it, waiving the named contractor from needing a City of East Point Code Compliance Bond for a permit on that property. General Contractor is one of the scope of work boxes on the form. The waiver must be an original with a wet notary seal. Copies and faxes are not accepted. The owner also agrees to indemnify the city and the contractor against claims arising from the contractor's negligent acts.

That works for a single job. A general contractor pulling permits regularly in East Point is far better served by carrying the $25,000 bond than by chasing a notarized waiver from each client.

What the bond guarantees

East Point's code compliance bonds run to the city and guarantee the contractor will comply with the city's building code and other ordinances relating to construction, and correct violations found by the Chief Building Official. If a violation is not corrected, the city can pursue the contractor and the surety up to the bond amount.

The permit still needs your license paperwork

The bond does not replace licensing. East Point's current building permit application requires a current business license, a copy of state certification where applicable, and a state issued ID for the contractor.

Before you buy

Confirm the current bond form and filing steps with the City of East Point Planning and Community Development Department before the bond is issued, and have it written in the exact legal name that appears on your business license.

Eligibility and Requirements for a Georgia General Contractor ($25,000) Bond:

  • Bond amount of $25,000 for general contractors.
  • City of East Point, Georgia named as obligee.
  • Current business license, required on the city's building permit application.
  • Copy of state certification where applicable, and a state issued ID.
  • Credit review of the business owners by the surety, which sets the premium rate.

Georgia General Contractor ($25,000) Bond FAQs:

Can the property owner waive the bond?

Yes, one permit at a time. East Point's Code Compliance Bond Waiver and Indemnification form lets the owner waive the bond for the named contractor on that property. It must be an original with a notary seal. Copies and faxes are refused.

What does the owner give up by signing the waiver?

The owner agrees to indemnify and hold harmless the city and the contractor against claims and costs arising from the contractor's negligent acts or omissions.

Does the bond replace my business license or state license?

No. The city's building permit application separately requires a current business license, a copy of state certification where applicable, and a state issued ID.

Is this different from the tradesman bond?

Yes. East Point uses a separate $10,000 tradesmen bond. General contractors post the $25,000 bond.

What does the bond cost?

The premium is based on the $25,000 bond amount and a credit review of the owners. You see the exact price when you apply.

Official and Additional Resources for the Georgia General Contractor ($25,000) Bond:

Other City of East Point, GA Surety Bonds in Georgia

Tradesman Contractor ($10,000)Utility Deposit (Water)

All Georgia Contractor bonds · All City of East Point, GA bonds · All Georgia surety bonds