City of Davenport, IA - General Contractor
Flat Rate & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $25,000 | 1 Year | $125 |
Licensed general contractors in Davenport must file a $25,000 surety bond as part of the city's contractor licensing requirements. The bond supports the contractor's obligations under the city license and must be submitted with the contractor's license application.
Cost of a City of Davenport General Contractor Bond
The cost of the $25,000 City of Davenport general contractor bond is $125 per one-year bond term with NNA Surety. Get your bond online today.
How the City of Davenport General Contractor Bond Works
The City of Davenport general contractor bond is a financial guarantee connected to the contractor's city license. The bond requires the contractor to follow applicable city requirements and addresses certain losses, damages and penalties that may result from the contractor's work, subject to the bond's terms and limits.
The bond involves three parties:
- Principal: General contractor
- Obligee: City of Davenport, Iowa
- Surety: Bonding company
A claim may be made against the bond if the contractor fails to meet an obligation covered by the bond. If a valid claim is made, the surety may pay the covered amount up to the $25,000 bond amount. The contractor remains responsible for reimbursing the surety for covered losses it pays.
How to Get the City of Davenport General Contractor Bond
Follow these steps to get bonded with NNA Surety:
- Complete the online bond application.
- Pay the $125 bond premium.
- Receive your bond form by email.
- Submit the bond to the City of Davenport as required.
Get Your City of Davenport General Contractor Bond
Meet Davenport's contractor bonding requirement with a $25,000 general contractor bond. Apply online with NNA Surety today to secure your one-year bond for $125, or call 855-457-2196 for assistance.