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This document serves as a maintenance bond for contractors working on public streets and thoroughfares within the City of Grand Prairie, Texas. It ensures that the contractor will indemnify the city against any claims related to their construction work and maintain the work in a good state for two years after completion.
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How to fill out public works maintenance bond

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How to fill out public works maintenance bond

01
Gather necessary information: Collect details about the project, including project name, location, and scope of work.
02
Contact an insurance company or bonding agent: Reach out to a reputable provider that specializes in public works bonds.
03
Provide required documentation: Submit project details, business information, and financial statements to the bonding agent.
04
Complete the bond application: Fill out the bonding application form accurately, providing all requested information.
05
Review and sign the bond agreement: Carefully read the bond agreement and sign it once confirmed.
06
Pay the premium: Provide payment for the bond premium, which is usually a percentage of the bond amount.
07
Submit the bond to the relevant authority: Deliver the completed bond to the public works department or agency overseeing the project.

Who needs public works maintenance bond?

01
Public works contractors working on government projects.
02
Businesses that are awarded contracts for public infrastructure work.
03
Entities required to guarantee maintenance and performance on public works projects.
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A public works maintenance bond is a type of surety bond that ensures the contractor will uphold the standards and specifications of a public project for a specified period after completion.
Typically, contractors engaged in public works projects are required to file a public works maintenance bond to guarantee their work.
To fill out a public works maintenance bond, contractors must provide necessary details such as the project name, bond amount, contract details, and identification information about the surety company and the contractor.
The purpose of a public works maintenance bond is to ensure that the contractor performs necessary maintenance and repairs on the completed project for a specified duration, protecting public interest.
Required information typically includes the bond amount, project description, contractor and surety company details, and the duration of coverage.
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public works maintenance bond Grand Prairie construction contract indemnification Texas public infrastructure contractor obligations maintenance requirements bond conditions

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