Newark, Delaware Contractor Bond
Newark, Delaware Contractor Bond
The bond amount for Newark, Delaware Contractor Compliance Bonds varies and is set by the obligee. Our GOOD CREDIT price is 1% of the bond amount.
Click for a No Obligation Quote
Newark Contractor Compliance Bonds are required by the City of Newark, Planning and Development Department. The required bond amount varies.
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
*Below is a list of the types of contractors required to obtain a bond in the City of Newark Delaware, along with the required bond amounts and prices for the bond:
Limited Subcontractor
(HVAC, Fire, Plumbing, Mechanical):
Bond Amount- $50,000.00 (Prem- $500)
Unlimited Subcontractor
(HVAC, Fire, Plumbing, Mechanical):
Bond Amount- $200,000.00 (Prem- $2,000)
General Contractor
Bond Amount-
$50,000.00 (Prem- $500)
$75,000.00 (Prem- $750)
$100,000.00 (Prem- $1,000)
$150,000.00 (Prem- $1,500)
$200,000.00 (Prem- $2,000)
Follow this link if you would like to visit the City of Newark website for the
Contractor Compliance Bond form.
Additional information about this corporate surety bond requirement is as follows:
Obligee - Newark Planning & Development Department
Bond Amount - varies
Bond Premium - 1% of the bond amount, with RLI Insurance
Renewal Document - None.