Contractors that perform various construction work within Clayton County, Georgia may be required by the Community Development Department to obtain a surety bond.
Such bonds in question include a Contractor Code Compliance Bond, Construction Bid Bond, Construction Performance Bond, and Laborers/Equipment Payment Bond. Read further below to find out which surety bond is right for you.
The Contractor Code Compliance Bond has a standard $10,000 limit, while the other bond amounts are determined by the Community Development Department and typically are based on the overall cost of the construction project (the Contract Bid Bond cannot be less than 5% of the contract price).
At Jet, the cost of a surety bond is a small fraction of the bond limit, and in some cases, it is also based on the credit score of the applicant and/or a review of business financials. However, if you are seeking a bond amount under $25k, prices are guaranteed and the bond is issued instantly. As you can see in the price chart below, prices start at $100 for a one-year bond term.
To get started with your purchase, select the “Apply for Your Bond” button!
Bond Limit | Cost |
---|---|
Up to $10,000 | $100 |
$25,000 | $125 |
$50,000 | $250 |
$100,000 | $500 |
Once purchased with Jet, the original signed and sealed bond form and any related paperwork must be submitted to the Clayton County Community Development Department at the mailing address listed below.
Clayton County
Community Development Department
121 South McDonough St.
Jonesboro, GA 30236
Applications and other documents can be found on the County’s Forms and Applications webpage.
Contractor Code Compliance Bond - May be required of contractors who are applying for a business license to work within Clayton County. If the contractor commits a violation of local regulations or the obligations of their license, the bond will provide compensation to the County or its resident for any financial damages incurred.
Construction Bid Bond - When submitting a bid for a construction project, proof of a surety bond on file may be needed. The bond provides financial protection to the County if the contractor commits a breach of contract.
Construction Performance Bond - May be mandated by the Community Development Department to financially ensure that compensation is available to the County if the contractor displays acts of negligence, poor workmanship, fails to meet contractual obligations, or causes damages of any kind.
Laborers/Equipment Payment Bond - If such a requirement is implemented by the Community Development Department, the surety bond acts as a means of restitution should the contractor fail to provide payment to laborers or suppliers of materials, machinery, and/or any other equipment.
Further details on regulations to follow as a contractor can be found in Clayton County, GA Municode.