Chatsworth, CA 91311-4926
A grading bond is a type of permit surety bond generally required when a construction project involves moving an amount of earth that exceeds city or county limits.
Grading bonds may also be known by other names, such as:
The cost of a grading permit bond can be as low as 0.875% of the bond amount, but this can vary depending on the jurisdiction. Municipalities may base the bond amount on the number of cubic yards of soil excavated or filled, plus the cost of all drainage or other protective devices or work necessary to eliminate geotechnical hazards. Your credit report as well as business and personal financial statements will also factor into the cost of the bond premium.
A grading bond guarantees all grading work will be done according to approved plans and applicable laws and in compliance with all terms specified in the permit. This type of bond is generally required on the city and county level, and each varies depending on the terms requested.
For example, Los Angeles County requires a bond when the amount of earth being moved is 1,000 cubic feet while the City of Los Angeles requires a bond when 250 cubic feet of soil are moved in certain hillside areas. If you’re in LA County, you can check the Department of Public Works for more information on grading bonds.
Call us at 855-215-2160 or complete our contact form to get your grading permit bond.
The permit bond expires on the specified expiration date, typically one year from the date of issuance. If the project takes more than a year, you will need to purchase another bond.
Expect to provide site and grading plans for the project to the local municipalities where the project is based. Check with the individual entities before purchasing a grading/excavation permit bond to see what they require.