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This bond runs to the City of West Point, not to the State of Mississippi. Have it written in the exact business name on your city paperwork, confirm the amount and form with the City first, and you can usually have the bond in hand before the city application is ready to file.
The City of West Point, Mississippi requires a contractor license bond from contractors who are licensed to work inside the city. The City of West Point is the obligee. The bond guarantees that the contractor will follow the city's building codes, ordinances and permit conditions, and it gives the City and the public a way to recover losses if the contractor does not. Confirm the current bond amount, bond form and filing steps with the City before the bond is issued.
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The Mississippi State Board of Contractors regulates commercial and residential contractors who bid on or perform work in Mississippi. The City of West Point handles its own contractor license and building permits, and this bond is filed with the City. They are separate agencies with separate files, so treat them as two separate steps.
Mississippi Code Section 21-19-25 lets any municipality adopt building, plumbing, electrical, gas and other public safety codes, and it requires every municipality to require a permit as a condition of construction within its jurisdiction. The same section requires the permit to carry the contractor's license or certificate of responsibility number under Section 31-3-14 et seq., 51-5-1 et seq. or 73-59-1 et seq. If your work needs a state license, have that number ready when you apply for a West Point permit.
The contractor is the principal, the City of West Point is the obligee and the surety company backs the promise. The bond guarantees that the contractor will comply with the city's codes, ordinances and permit conditions on work done in West Point. If the contractor fails to do so and a valid claim is paid, the contractor must repay the surety.
Call the City of West Point and ask for the current bond amount, whether the City uses its own bond form, the exact name the bond must show and when the city license renews. Bring those answers to the bond application so the bond matches what the City will accept on the first try.
The City of West Point, Mississippi. The bond is filed with the City, not with the Mississippi State Board of Contractors.
The state license and the city bond are filed with different agencies. Mississippi Code Section 21-19-25 requires your state license or certificate of responsibility number on city permits where the law requires one, and the City handles its own contractor license and bond. Plan on both.
The City of West Point sets the amount. Confirm the current figure and form with the City before the bond is issued so the bond is written correctly the first time.
It guarantees the contractor will follow the city's building codes, ordinances and permit conditions. If a valid claim is paid because the contractor did not, the contractor must repay the surety.
The surety looks mainly at the owner's personal credit and the bond amount. Stronger credit generally means a lower premium. You see the quoted premium before you buy.
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