Surety Bond Encyclopedia

Sign Builder ($3,000) Bond - City of Abilene, TX in Texas

Brief Summary

Abilene requires a $3,000 Sign Builder's bond before you build, erect or repair signs or billboards in the city. It is one of the smallest bonds Abilene asks for, and if your company already carries the city's $75,000 building contractor bond you may not need it at all.

The City of Abilene, Texas requires a $3,000 Sign Builder's bond from sign contractors. The bond runs to the City of Abilene on the city's form and guarantees that the contractor will faithfully follow all city ordinances regulating the construction, erection, repair or maintenance of signs and billboards. A $75,000 surety bond carried by a registered building contractor can be used instead.

We can help with all Texas bonds!

How to Apply for a Sign Builder ($3,000) Bond:

Check whether your company already holds Abilene's $75,000 building contractor bond, which can substitute for this one.
Download the City of Abilene Sign Builder's Bond form.
Have the business name exactly as it will be registered with Abilene Inspection Services.
Owner or principal name, address and Social Security number for the credit review.
Complete the bond application, pay the premium and have the surety execute the city form.
File the bond and a copy of your driver's license with Abilene Inspection Services, adding insurance and licenses if you install electrical signs.

Detailed Information About the Texas Sign Builder ($3,000) Bond:

Check whether you need it

Abilene's contractor requirements sheet says a $75,000 surety bond carried by a registered building contractor can substitute for the $3,000 sign bond. If your company is already registered in Abilene as a building contractor with that bond, ask Inspection Services before buying a separate sign bond.

Electrical signs need more

Installing an electrical sign brings extra requirements on top of the bond, including $300,000 in liability insurance and the applicable licenses and documentation shown on the city's requirements sheet. A sign bond alone does not cover electrical sign work.

What the bond guarantees

The city's Sign Builder's Bond form names the City of Abilene as obligee and requires the contractor to faithfully adhere to and abide by all ordinances regulating the construction, erection, repair or maintenance of signs and billboards in the city. If the contractor does not, the city can claim on the bond up to $3,000, and the contractor repays the surety.

Term and cancellation

The bond runs for the dates on the form and can be continued each year with a continuation certificate from the surety. The surety may cancel with 30 days' written notice to the city, without erasing liability already accrued.

Eligibility and Requirements for a Texas Sign Builder ($3,000) Bond:

City of Abilene, Texas named as obligee on the city's form.
Bond amount of $3,000.
Condition tied to city ordinances on construction, erection, repair or maintenance of signs and billboards.
Annual continuation certificate to keep the bond in force.
Owner credit review, which drives the premium rate.

Texas Sign Builder ($3,000) Bond FAQs:

Can I skip this bond if I have the $75,000 building contractor bond?

Abilene's requirements sheet allows a $75,000 surety bond carried by a registered building contractor to substitute for the $3,000 sign bond. Confirm with Inspection Services that your registration qualifies.

Does the bond cover electrical signs?

Electrical sign installations have additional requirements, including $300,000 in liability insurance and the applicable licenses. The bond alone is not enough.

How do I renew?

The surety executes a continuation certificate each year, which keeps the bond in force for another year.

What happens if the surety cancels?

The surety must give the City of Abilene 30 days' written notice. Liability that accrued before cancellation remains.

How is the premium set?

The surety prices the bond from the $3,000 amount and the owner's credit. Apply to see your actual rate.