City of Manitou Springs License and Permit Bond Guide
If you’re applying for an excavation license in Manitou Springs, Colorado, you’ll likely need this surety bond.
Bond Overview
- Purpose: To ensure contractors and permit holders follow local regulations
- Who Needs It: Excavation contractors in Manitou Springs
- Regulating Body: The City of Manitou Springs Public Works
- Required Coverage: $1,000–$20,000
- Premium Rate: $100 for a 1-year term
Learn all about the bond requirements and process in this guide.
What Is a Manitou Springs License and Permit Bond?
A City of Manitou Springs license and permit bond holds professionals liable for performing work safely and legally. It financially enforces local rules and regulations.
The Public Works department requires a $5,000 bond for all excavation permit applicants. Other license permit applicants may also need a surety bond.
How Much Do License and Permit Bonds Cost?
A City of Manitou Springs license and permit bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term.
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How Do I Get My Bond?
With SuretyBonds.com, you can buy your City of Manitou Springs license and permit bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the City as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a City of Manitou Springs License and Permit Bond Work?
As with all surety bonds, a license and permit bond creates a legal contract between three parties:
- Principal: You, the licensed professional filing the bond
- Obligee: The City of Manitou Springs Public Works requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding applicable local laws and regulations.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your license and permit bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.