Richmond excavation permit bonds.
From $100.
Before you cut into a street or excavate in the public right-of-way, the City of Richmond, Indiana requires a project-specific excavation permit bond tied to your permit number. The City sets the amount per project — pricing is 1% of the bond amount, $100 minimum, with a quick soft credit check that never affects your score.
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How much does a Richmond excavation permit bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps to your permit.
Your excavation permit is waiting on this bond. Here is the whole thing — no broker phone tag:
Apply online
Your business details, the City of Richmond permit number, the amount the City set, and an effective date. The only extra step is a one-time consent to a soft credit pull.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
File with the City of Richmond
Pay online and receive the executed bond referencing your permit number, ready to file with the City’s Engineering / Public Works department before you break ground. Wet-ink originals mailed whenever the City insists.
What it is and who needs it.
What the Richmond excavation bond covers
When work requires opening a public street, sidewalk, or right-of-way, the City of Richmond, Indiana issues a project-specific excavation permit and conditions it on a surety bond tied to that permit number. The bond is a guarantee to the City for that particular job.
It is a three-party arrangement: you (the principal), the surety carrier, and the City of Richmond (the obligee). The bond guarantees you will restore the right-of-way to City standards — backfill, repave, and repair — and covers the City’s cost if you leave the cut unfinished or out of spec.
It is not insurance for you — if the surety pays the City to repair your work, you repay the surety. Contractors who restore the cut to spec close the permit and release the bond. Enter the amount the City set and your exact price — from $100 — appears in the application.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the City of Richmond. Pay online and receive the executed bond referencing your permit number, ready to file with the City’s Engineering / Public Works department before you break ground. Wet-ink originals mailed whenever the City insists.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including your permit number and a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Indiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Richmond excavation bond, issued today.
Pricing from $100, soft pull only. Enter the amount the City set and file before you break ground.