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California License Number: 0E70906 |
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Developer Bond Application : Subdivision Bonds, Improvement BondsThe subdivision performance bond guarantees the completion of specified improvements such as grading, streets, storm drain, utilities, curbs, gutters and sidewalks. These improvement bonds are typically required by public agencies, or the obligee, to guarantee the developer's completion of site improvements as a precondition to granting construction permits. This may also be true with a commercial bond, as well as some other agreements between contractors and developers, such as developer bonds. |
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