Powder Springs, Georgia Surety Bonds

A Contractor Code Compliance Bond is required of contractors applying for a building permit with the local Community Development Department. In addition, a Maintenance Bond may be mandated as a prerequisite to the construction of a development or subdivision in the City of Powder Springs, Georgia. 

If the contractor or developer (i.e. permit holder) commits a violation or breach of contract, the applicable bond on file with the Department may act as a means of restitution to the damaged party.

APPLY FOR YOUR BOND

The Contractor Code Compliance Bond has a standard $25,000 limit that may be instantly purchased at Jet for the guaranteed price of $125 for a one-year bond term. 

As for the Development/Subdivision Maintenance Bond, the limit is determined by the Community Development Department and is likely based on the total cost of maintaining the construction performed. 

At Jet, the cost of the maintenance bond is a small percentage of the limit, and in most cases, is based on a soft credit check of the developer. However, if the amount of the bond is under $25k, prices are guaranteed. For example, up to a $10,000 limit may be purchased at $100 for a one-year bond term.

For additional bond limits and available rates, take a look at Jet’s price chart below.

Bond LimitCost
Up to $10,000$100
$25,000$250
$50,000$500
$100,000$1,000
GA Powder Springs Surety Bond Pricing

Once you have completed your purchase with Jet, a copy of the signed and sealed bond form, along with any other paperwork, must be submitted to the Powder Springs Community Development Department either via email at commdev@cityofpowdersprings.org or to the following mailing address:

City of Powder Springs
Community Development Department
PO Box 46
Powder Springs, GA 30127

Permit applications and other documents can be found on the City’s Forms Center webpage.

City of Powder Springs Surety Bond Details

Contractor Code Compliance Bond - Required of licensed contractors that are applying for a building permit with the Community Development Department. The contractor is responsible for following the terms and conditions of the building permit, as well as local regulations. In addition, the contractor must correct any code violations such as poor workmanship or faulty materials discovered by the Department within 45 days of notification (this rule only applies for one year following the completion of the permit project). Failure to comply may result in the Department filing an official bond claim. Should this occur, funds from the claim will go towards the City hiring a new contractor to repair the code violations performed by the permit holder. 

Unlike most permit bonds, the Contractor Code Compliance Bond may be canceled at any time. If early cancellation is needed, please send a written request to bonddept@jetsurety.com and the Jet team will send a termination notice to the Community Development Department. The liability of the bond will then be released within a 30-day period. 

Development or Subdivision Maintenance Bond - This bond may be required of developers as a prerequisite to the issuance of a land disturbance permit. The bond must remain active for 2 years following the completion of the development or subdivision project. Upon the Community Development Department’s request, the developer is responsible for ensuring maintenance is performed on any public improvements installed such as roads, waterlines, sewer lines, and/or storm drainage facilities. If the permit holder fails to do so, the Department may pursue a bond claim. Funds from the claim will go towards the City hiring a contractor to complete any necessary maintenance work. Further information can be found on the Land Disturbance Permitting webpage. 

Details on applicable regulations regarding the building construction and developments can be found in the Powder Springs, GA Municode.

Georgia Powder Springs City Code Compliance Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: