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[\/et_pb_text][et_pb_dmb_breadcrumbs _builder_version=”3.16″ body_font=”Nunito|300||on|||||” body_text_align=”center” body_text_color=”#5e7a8a” body_font_size=”10″ body_letter_spacing=”1px” separator_text_color=”#009285″ link_font=”Nunito|300||on|||||” link_text_color=”#5e7a8a” body_font_size_tablet=”51″ body_line_height_tablet=”2″ separator_font_size_tablet=”51″ separator_line_height_tablet=”2″ link_font_size_tablet=”51″ link_line_height_tablet=”2″ linkhover_font_size_tablet=”51″ linkhover_line_height_tablet=”2″ global_colors_info=”{}”][\/et_pb_dmb_breadcrumbs][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”About” _builder_version=”3.22″ custom_padding=”60px|0px|0px|0px|false|false” global_colors_info=”{}”][et_pb_row _builder_version=”3.25″ custom_margin=”0px||60px||false” custom_padding=”0px||0px||true” use_custom_width=”on” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”Montserrat|300|||||||” text_text_color=”#5e7a8a” text_font_size=”18px” text_line_height=”1.8em” header_2_font=”Kanit|300||on|||||” header_2_text_align=”center” header_2_text_color=”#009285″ header_2_font_size=”40px” header_2_letter_spacing=”0.4px” header_2_line_height=”1.5em” header_6_font=”Lato|700|||||||” header_6_font_size=”18px” header_6_letter_spacing=”1px” header_6_line_height=”1.8em” max_width=”80%” max_width_tablet=”96%” max_width_phone=”” max_width_last_edited=”on|desktop” module_alignment=”center” custom_margin=”0px||20px||false” custom_padding=”0px||0px||true” text_font_size_tablet=”” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”” header_2_font_size_phone=”22px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n
SUBDIVISION BOND OVERVIEW:<\/strong><\/p>\n A Subdivision Bond<\/strong> guarantees that builders, developers, and individual landowners complete improvements made to a subdivision property. This bond, required by local authorities, usually guarantees that the improvements will be made at the expense of the developer and principal of the bond.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ disabled_on=”off|off|off” admin_label=”Feature” _builder_version=”3.22″ background_color=”#345168″ use_background_color_gradient=”on” background_color_gradient_start=”#5e7a8a” background_color_gradient_end=”rgba(94,122,138,0.78)” background_color_gradient_overlays_image=”on” background_image=”https:\/\/bhmdev.com\/sphilipsins\/wp-content\/uploads\/2018\/10\/bonds.jpg” custom_padding=”5%||10%||false|false” bottom_divider_style=”slant” bottom_divider_color=”#ffffff” bottom_divider_flip=”horizontal” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”3.25″ max_width=”1280px” animation_direction=”bottom” use_custom_width=”on” custom_width_px=”1280px” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”3.0.47″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Public Works Bond rates start at 1% or higher based on credit and financial strength” use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” icon_placement=”left” image_icon_width=”22px” content_max_width=”1100px” _builder_version=”4.13.0″ header_font=”Lato||||||||” header_line_height=”1.2em” background_layout=”dark” custom_margin=”||5px|” animation_style=”slide” animation_direction=”bottom” animation_intensity_slide=”5%” icon_font_size=”22px” global_colors_info=”{}”][\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.0.47″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Minimum premium of $250″ use_icon=”on” font_icon=”||divi||400″ icon_color=”#ffffff” icon_placement=”left” image_icon_width=”22px” content_max_width=”1100px” _builder_version=”4.13.0″ header_font=”Lato||||||||” header_line_height=”1.2em” background_layout=”dark” custom_margin=”||5px|” animation_style=”slide” animation_direction=”bottom” animation_intensity_slide=”5%” z_index_tablet=”500″ header_text_shadow_horizontal_length_tablet=”0px” header_text_shadow_vertical_length_tablet=”0px” header_text_shadow_blur_strength_tablet=”1px” body_text_shadow_horizontal_length_tablet=”0px” body_text_shadow_vertical_length_tablet=”0px” body_text_shadow_blur_strength_tablet=”1px” body_link_text_shadow_horizontal_length_tablet=”0px” body_link_text_shadow_vertical_length_tablet=”0px” body_link_text_shadow_blur_strength_tablet=”1px” body_ul_text_shadow_horizontal_length_tablet=”0px” body_ul_text_shadow_vertical_length_tablet=”0px” body_ul_text_shadow_blur_strength_tablet=”1px” body_ol_text_shadow_horizontal_length_tablet=”0px” body_ol_text_shadow_vertical_length_tablet=”0px” body_ol_text_shadow_blur_strength_tablet=”1px” body_quote_text_shadow_horizontal_length_tablet=”0px” body_quote_text_shadow_vertical_length_tablet=”0px” body_quote_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” box_shadow_horizontal_image_tablet=”0px” box_shadow_vertical_image_tablet=”0px” box_shadow_blur_image_tablet=”40px” box_shadow_spread_image_tablet=”0px” text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength_tablet=”1px” icon_font_size=”22px” global_colors_info=”{}”][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”About” _builder_version=”3.22″ use_background_color_gradient=”on” background_color_gradient_start=”#ffffff” background_color_gradient_end=”#f4f4f4″ custom_padding=”20px|0px|60px|0px|false|false” global_colors_info=”{}”][et_pb_row _builder_version=”3.25″ custom_margin=”0px||30px||false” custom_padding=”0px||0px||true” use_custom_width=”on” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”Montserrat|300|||||||” text_text_color=”#5e7a8a” text_font_size=”18px” text_line_height=”1.8em” header_2_font=”Kanit|300||on|||||” header_2_text_align=”center” header_2_text_color=”#009285″ header_2_font_size=”40px” header_2_letter_spacing=”0.4px” header_2_line_height=”1.5em” header_6_font=”Lato|700|||||||” header_6_font_size=”18px” header_6_letter_spacing=”1px” header_6_line_height=”1.8em” text_orientation=”center” max_width_tablet=”96%” max_width_phone=”” max_width_last_edited=”on|desktop” module_alignment=”center” custom_margin=”0px||0px||false” custom_padding=”0px||0px||true” text_font_size_tablet=”” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”” header_2_font_size_phone=”22px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n Document Downloads<\/strong><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=”on|on|on” _builder_version=”4.14.1″ custom_margin=”0px||0px||false” custom_padding=”0px||0px||true” use_custom_width=”on” disabled=”on” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”Montserrat|300|||||||” text_text_color=”#5e7a8a” text_font_size=”18px” text_line_height=”1.8em” header_2_font=”Kanit|300||on|||||” header_2_text_align=”center” header_2_text_color=”#009285″ header_2_font_size=”40px” header_2_letter_spacing=”0.4px” header_2_line_height=”1.5em” header_6_font=”Lato|700|||||||” header_6_font_size=”18px” header_6_letter_spacing=”1px” header_6_line_height=”1.8em” max_width_tablet=”96%” max_width_last_edited=”off|desktop” module_alignment=”center” custom_margin=”0px||0px||false” custom_padding=”0px||0px||true” text_font_size_tablet=”” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”” header_2_font_size_phone=”22px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n All Types<\/strong><\/p>\n [\/et_pb_text][et_pb_divider color=”#cfd8de” divider_style=”dashed” divider_position=”center” _builder_version=”3.12.1″ height=”0px” custom_margin=”12px||5px||false” custom_padding=”0px||0px||true” global_colors_info=”{}”][\/et_pb_divider][et_pb_button button_url=”https:\/\/bhmdev.com\/sphilipsins\/pdf\/JROlsen-Bonds_Subdivision_Bond.pdf” button_text=”Download: Subdivision or Permit (Grading\/Maintenance) Bond Application” _builder_version=”4.13.0″ custom_button=”on” button_text_size=”14px” button_text_color=”#5e7a8a” button_border_width=”12px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”50px” button_font=”Kanit|300||on|||||” button_icon=”i||divi||400″ button_icon_color=”#85c344″ 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button_one_bg_color__hover=”null” button_two_bg_color__hover_enabled=”off” button_two_bg_color__hover=”null”][\/et_pb_button][et_pb_button button_url=”https:\/\/bhmdev.com\/sphilipsins\/pdf\/JROlsen-Bonds_Subdivision_Tax_Application.pdf” button_text=”Download: Subdivision Tax Bond Application” _builder_version=”4.13.0″ custom_button=”on” button_text_size=”14px” button_text_color=”#5e7a8a” button_border_width=”12px” button_border_color=”rgba(0,0,0,0)” button_border_radius=”50px” button_font=”Kanit|300||on|||||” button_icon=”i||divi||400″ button_icon_color=”#85c344″ button_icon_placement=”left” button_on_hover=”off” custom_margin=”0px||0px|7px” custom_margin_tablet=”|0vw||0vw||true” custom_margin_last_edited=”off|desktop” custom_padding=”0px|0px|0px|0px|true|true” animation_style=”fade” button_text_color_hover=”#009285″ button_border_color_hover=”rgba(0,0,0,0)” button_letter_spacing_hover=”0px” button_bg_color_hover=”rgba(0,0,0,0)” global_colors_info=”{}” 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custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ text_font=”Montserrat|300|||||||” text_text_color=”#5e7a8a” text_font_size=”18px” text_line_height=”1.8em” link_font=”||||||||” ul_font=”||||||||” ol_font=”||||||||” quote_font=”||||||||” header_font=”||||||||” header_2_font=”Kanit|300||on|||||” header_2_text_align=”center” header_2_text_color=”#009285″ header_2_font_size=”40px” header_2_letter_spacing=”0.4px” header_2_line_height=”1.5em” header_3_font=”||||||||” header_4_font=”||||||||” header_5_font=”||||||||” header_6_font=”Lato|700|||||||” header_6_font_size=”18px” header_6_letter_spacing=”1px” header_6_line_height=”1.8em” max_width_tablet=”96%” max_width_phone=”96%” max_width_last_edited=”off|desktop” module_alignment=”center” custom_margin=”0px||0px||false” custom_padding=”0px||0px||true” text_font_size_tablet=”” text_font_size_phone=”16px” text_font_size_last_edited=”on|phone” header_2_font_size_tablet=”” 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custom_padding=”0px|0px|0px|0px|true|true” animation_style=”fade” button_text_color_hover=”#009285″ button_border_color_hover=”rgba(0,0,0,0)” button_letter_spacing_hover=”0px” button_bg_color_hover=”rgba(0,0,0,0)” locked=”off” global_colors_info=”{}” button_text_size__hover_enabled=”off” button_text_size__hover=”null” button_one_text_size__hover_enabled=”off” button_one_text_size__hover=”null” button_two_text_size__hover_enabled=”off” button_two_text_size__hover=”null” button_text_color__hover_enabled=”on” button_text_color__hover=”#009285″ button_one_text_color__hover_enabled=”off” button_one_text_color__hover=”null” button_two_text_color__hover_enabled=”off” button_two_text_color__hover=”null” button_border_width__hover_enabled=”off” button_border_width__hover=”null” button_one_border_width__hover_enabled=”off” button_one_border_width__hover=”null” button_two_border_width__hover_enabled=”off” button_two_border_width__hover=”null” button_border_color__hover_enabled=”on” 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theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n We want you to feel comfortable working with our surety bond company and realize you may still have questions. Our FAQ section below will help you understand more about our business and what we do. Let’s learn more!<\/p>\n [\/et_pb_text][et_pb_accordion _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″][et_pb_accordion_item title=”What is a subdivision bond, and why is it required?” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n Subdivision bonds<\/span>, which are sometimes referred to\u00a0as developer,\u00a0site improvement, or plat bonds, offer a financial guarantee to local governments for specific development projects.<\/span><\/p>\n They guarantee that developers follow all applicable requirements and build improvements to the infrastructure within the boundaries of a subdivision, such as roadways, walkways, and more, in accordance with authorized designs and standards.<\/span><\/p>\n The bond protects the city and potential property owners in situations where the builder fails to meet their responsibilities, such as making required renovations or correcting any problems. They contribute to the safe development of subdivisions and the proper construction of infrastructure prior to the sale or occupancy of properties.<\/span><\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”What do subdivision bonds cost?” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n The premium you will pay for a site improvement bond will depend on a number of factors, such as the bond amount, your creditworthiness, the scope of the project, and your experience as a developer.<\/span><\/p>\n Moreover, the location in which the project will be completed will also play a part in determining the price you pay, in addition to market conditions and the length of the project.<\/span><\/p>\n To learn more about the subdivision bond cost, it’s best to get in touch with us, and we will provide a more realistic estimate.<\/span><\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”What information will I need to provide when setting up site improvement bonds?” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n When applying for developer\u00a0bonds, you will normally be expected to provide project details (such as the location, scope, and timeline for the work), the necessary bond amount, a copy of the subdivision agreement, and any applicable documentation relating to the development plans and specifications.<\/span><\/p>\n In addition, you may be required to submit personal and corporate accounting records, information pertaining to your\u00a0credit, prior project references,\u00a0and more,\u00a0in order to establish your eligibility.<\/span><\/p>\n One of our representatives will guide you through the process to ensure that you know exactly what is expected of you.<\/span><\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”Is a performance bond and a subdivision surety bond the same thing?” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n No, they are not the same. Understanding the difference between a <\/span>subdivision bond vs. performance bond<\/span> is important. A performance bond is a sort of surety bond that guarantees a contractor will finish a project in accordance with the conditions of the contract. It safeguards the project owner from monetary loss if the service provider\u00a0fails to meet their responsibilities.<\/span><\/p>\n On the other hand, subdivision bonds provide the assurance\u00a0that infrastructure upgrades within a subdivision development\u00a0are completed as promised. While both bonds offer financial protection, they serve different functions and address different aspects of construction projects.<\/span><\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”How do I apply for a subdivision bond?” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n If your job involves performing public improvements, you will need to get in touch with us. Our team will request certain essential documentation to determine your eligibility. You will also need to submit a completed subdivision bond form, and we will help you get your bond set up.<\/span><\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”How long does a completion bond remain in effect?” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n The period of a subdivision bond’s effectiveness varies according to local rules and municipality-specific restrictions.<\/span><\/p>\n In many circumstances, <\/span>subdivision development bonds<\/span> are valid until all infrastructure improvements within the subdivision are finished and approved by the local government agency or body supervising the construction.<\/span><\/p>\n Once the renovations are considered adequate and meet all standards, the bond can be released or dismissed. However, if the bond arrangement specifies ongoing maintenance duties or warranty periods, its validity could continue after the initial work is completed.<\/span><\/p>\n [\/et_pb_accordion_item][et_pb_accordion_item title=”Why should I choose S Philips Insurance Services, Inc. for my developer bond?” open=”on” _builder_version=”4.14.8″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n When it’s time to obtain a subdivision bond, it’s important to work with a reputable surety company. At S Philips & Insurance Services, Inc., we have over four decades of industry experience and have developed a firm reputation for excellent customer service a reliable solutions.<\/span><\/p>\n We also offer a host of other surety bonds, so you can turn to us for all your bond-related needs. Our team is happy to provide you with additional information. Please do not hesitate to get in touch with us if you would like to learn more.<\/span><\/p>\n A<\/span> construction bond in a subdivision<\/span> may be required for a number of government projects. To ensure that you are compliant, contact S Philips & Insurance Services, Inc. to begin the bonding process!<\/span><\/p>\n [\/et_pb_accordion_item][\/et_pb_accordion][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”About” module_id=”quick-quote” _builder_version=”3.8″ custom_padding=”60px|0px|60px|0px|false|false” global_module=”120″ global_colors_info=”{}”][et_pb_row _builder_version=”3.25″ custom_margin=”0px||0px||true” custom_padding=”0px||0px||true” use_custom_width=”on” locked=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.13.0″ text_font=”Montserrat|300|||||||” text_text_color=”#5e7a8a” text_font_size=”18px” text_line_height=”1.8em” link_font=”||||||||” ul_font=”||||||||” ol_font=”||||||||” quote_font=”||||||||” header_font=”||||||||” header_2_font=”Kanit|300||on|||||” header_2_text_align=”center” header_2_text_color=”#0788CA” header_2_font_size=”40px” header_2_letter_spacing=”0.4px” header_2_line_height=”1.5em” header_3_font=”||||||||” header_4_font=”||||||||” header_5_font=”||||||||” header_6_font=”Lato|700|||||||” header_6_font_size=”18px” header_6_letter_spacing=”1px” header_6_line_height=”1.8em” text_orientation=”center” custom_margin=”0px||20px||false” custom_padding=”0px||0px||true” header_2_font_size_tablet=”” header_2_font_size_phone=”22px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}”]<\/p>\n ALL ONLINE APPLICATIONS ARE SECURE<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Contact Form 7″ _builder_version=”3.27.4″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\n\n <\/p> Subdivision Bond FAQ’s<\/h2>\n
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