1 (800) 308-4358

Oregon
City of Portland Street Opening Bond

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Coverage Amount: $2,000
Term Length: 1 year
Cost: $100
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City of Portland Street Opening Bond Guide

If you’re applying for a right-of-way excavation permit in Portland, Oregon, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To ensure repair of streets after excavation work
  • Who Needs It: Contractors performing excavation work on the right-of-way
  • Regulating Body: The Oregon Bureau of Transportation
  • Required Coverage: $2,000
  • Premium Rate: $100 for a 1-year term

Learn all about the bond requirements and process in this guide.

What Is a City of Portland Street Opening Bond?

A Portland, Oregon street opening bond is a permit requirement for any contractors performing excavation work on the public right-of-way. 

The bond ensures backfill and restoration work is completed properly. If the street is not in good shape within the two years following the project’s completion date, the bond can help pay for any settlements or damages.

How Much Do Street Opening Bonds Cost?

A $2,000 City of Portland street opening bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% by selecting a multi-year term. 

Click below to buy your bond in minutes!

Bond Type
$2,000City of Portland Street Opening Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

With SuretyBonds.com, you can buy your City of Portland street opening bond instantly online. Just enter your information and checkout in minutes. 

We’ll email you the bond shortly after purchase. Be sure to file it with the Bureau of Transportation as instructed.

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Portland Street Opening Bond Work? 

A street opening bond creates a legal contract between these three parties: 

  1. Principal: You, the excavation contractor filing the bond
  2. Obligee: The Portland Bureau of Transportation requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for streets and returning them to good condition. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

More Resources

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