Secure a Subdivision Bond with Summit Surety
Your subdivision development project shouldn’t be waiting on the technicalities of a bond. Get the project moving and start securing site deposits with the proper bonding from Summit Surety.
Specialty Service
Subdivision bonds require a lot more than your financials. We’ll help make sure your bond application checks every box and is ready for the surety house to approve.
Rapid Approval Options
Don’t just cross your fingers! Depending on your bonding requirements and financial profile, we have multiple products available to get you bonded. We’ll find the bond that best suits your needs.
Personal Attention
With a clear understanding of your projects, we can help adapt your bonding through the many phases of a subdivision development project, ensuring you aren’t carrying bonds longer than you need to.
What’s a subdivision bond?
Subdivision bonds are required by municipalities for contractors who need to make public infrastructure improvements to subdivision developments. Each property needs water, sewage, electrical and potentially more. The municipality wants assurances that you’ll get it done right before shovels hit the dirt or you start taking deposits on plats. That means a subdivision bond is crucial to securing dollars for folks ready to buy the homes you’re developing.
Why go through Summit Surety for a subdivision bond?
Summit Surety is a full-service surety broker, so if you also need a land improvement or grading bond for your project, we’ll have you taken care of all under one roof.
You could go directly to a surety to get bonded, but much like insurance coverage, working with a broker like Summit Surety ensures you get the right bonding at the right price.
Surety Experts Get You Properly Bonded
Plenty of large companies promise to handle everything from commercial insurance to bonding. But without expert review, you might be left improperly bonded. Trust Summit Surety to navigate your local requirements and get you shovel-ready.
Don’t Overpay Over the Life of the Project
As different phases of subdivision development are completed, your bonding can typically be stepped down. We’ll get into your project timeline and secure your bonding accordingly. You won’t pay to be bonded any longer than you need to.
Maximize Your Cash Flow
Many municipalities allow you to post bank credit or cash to get the job site shovel-ready, but you need those funds to keep the project moving. Don’t tie up your capital. We’ll set you up with the best product for your financial profile, maximizing your bonding capacity and keeping your cash liquid.
Where is Summit Surety licensed?
Summit Surety is licensed to issue bonds in 16 states and counting.
Alaska
Arizona
Colorado
Florida
Hawaii
Idaho
Illinois
Montana
Nevada
North Carolina
Oregon
Tennessee
Texas
Utah
Washington
Wyoming
Contractors Like You Choose Summit Surety for Subdivision Bonds
Ryan started out with my business when I needed my first construction bond. As a new small electrical contractor getting bonded was not an easy task because I didn’t have a lot of past history. In spite of this, Ryan stepped forward and helped me when other agencies didn’t want to take a chance on the unknown. He has been there for me and helped every step of the way ever since. He is very knowledgeable in his field and makes doing business with him easy & simple. His timely responses for further assistance along with his ability to provide the best cost has kept me coming back to him for bonding. I recommend Ryan to everyone I know both new and older more established businesses.
Deborah Dyson
Electrician, Dyson Electrical Contractors