Madison, MS contractor bonds.
$100 flat.
The City of Madison requires a builder or contractor to be bonded with the city — $5,000, or 0.5% of the proposed work, whichever is greater — before its Building and Permit Department will issue a building permit. Ours is $100 flat at the standard $5,000 amount, and the price you see is the checkout price.
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How much does a Madison, MS contractor bond cost?
$100 at the $5,000 amount, the same for every applicant.
Three steps. One sitting.
A municipal contractor bond is about the simplest filing in surety. Here's the entire process:
Apply online
Business details and an effective date. That is the application. No credit check.
Pay & e-sign
Municipal contractor bonds like this are among the thousands of bond types that issue right after purchase.
File with the city
Your executed bond and power of attorney arrive by email, ready to file with Madison's Building and Permit Department alongside your permit application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
The City of Madison's Building and Permit Department conditions a building permit on the builder or contractor being bonded with the city — $5,000, or 0.5% of the proposed work, whichever is greater. The bond stands behind the contractor's compliance with the city's permitting requirements and building codes on the permitted work.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Madison (the obligee), with the city and the general public as the protected parties. If a contractor's noncompliant or substandard work causes a covered loss, the harmed party can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The city also requires that any licensed electrical, plumbing, or HVAC subcontractor on the job hold a valid Mississippi master's license, separate from this bond.
You need this bond if you're
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 $5,000 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; a longer term is the same price per year, chosen at checkout.
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. Your executed bond and power of attorney arrive by email, ready to file with Madison's Building and Permit Department alongside your permit application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $5,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Mississippi bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Madison building permit today.
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.