Nashville & Davidson County Building Contractor Bond - $10,000
Bond Details
Nashville & Davidson County Building Contractor Bond – $10,000 bond – $100 per year
Overview
Contractors in Nashville and Davidson County who manage all aspects of building projects for public use must secure a surety bond to pull building permits. The $10,000 bond requirement applies to blasting contractors too.
Required by the Tennessee Metropolitan Government of Nashville and Davidson County, the building contractor bond ensures compliance with building codes, consumer protection, and contract fulfillment.
Principal: Contractor (you)
Obligee: Tennessee Department of Commerce and Insurance
Surety: NNA Surety
Bond Amount: $10,000
Bond Cost: $100
Bond Term: 1 year
For contracts $40,000 and over, you’ll need to get the $40,000 Nashville/Davidson County permit bond.
How the Nashville Building Contractor Bond Works
The surety bond is a contract among the contractor, the Metro Government, and the surety that issues your bond. It guarantees financial compensation to any claim that is found valid should you fail to adhere to building codes. The surety will pay out the damages from your policy, and you’re then obligated to reimburse the surety for the loss.
Getting Your Nashville/Davidson County Permit Bond
The process of applying for a Nashville permit bond is simple:
- Complete this form with your personal and business information.
- Provide payment details.
- Receive your bond instantly.
Your bond will be on Metro Form DCAB7 (Rev. February 2010 or later). NNA Surety will complete this form and attach a Power of Attorney form to the bond. Keep these documents together.
For more information, call our team of construction bond experts today.