Developer bonds, also known as subdivision or improvement bonds, ensure the completion of vital public infrastructure projects. These bonds serve as a commitment to maintain streets, sidewalks, drainage systems, and more for the benefit of local communities. Developer bonds must be secured before filing a plat or obtaining a building permit. #surety #insurance #contractors #constructionmanagement #developers
Understanding Developer Bonds | Developer bonds, also known as subdivision or improvement bonds, ensure the completion of vital public infrastructure projects. #suretybonds #insuranceindustry #subdivision #contractors #constructionindustry https://lnkd.in/gqByDxMF