Paterson excavation performance bonds.
Flat 3%. Enter your amount.
The City of Paterson, NJ requires an excavation performance bond so it has a financial backstop that you’ll complete the excavation and restoration approved on your street-opening permit. The City sets the amount; we issue it at a flat 3%, $275 minimum.
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Apply to filed in one sitting.
Enter the amount the City required, pay, and file with Paterson. Here is the whole thing:
Apply online
Your business details, the bond amount on your Paterson permit, and the effective date — that is the entire application.
Pay & e-sign
The executed bond is generated as soon as you pay. Larger amounts may get a quick review.
File with the City
Submit the executed bond to the City of Paterson to satisfy your excavation permit condition. Wet-ink original mailed on request.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure on your Paterson permit and the premium updates.
What it is and who needs it.
What the performance bond actually covers
When you open a Paterson street, the City wants assurance you’ll finish what you started. A performance bond guarantees you complete the excavation and the restoration the City approved on your permit — to its standards, on its schedule.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Paterson (the obligee). If you abandon the work or fail to restore the surface, the City can recover against the bond to have the job finished.
This is distinct from a maintenance bond, which covers the restoration lasting after acceptance. The performance bond is the City’s assurance that the work gets done. We issue the amount Paterson set, at a flat 3%, $275 minimum.
You need this bond if you are
Five minutes, issued fast.
Submit the application with the bond amount the City of Paterson set — the executed bond is generated ready to file.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the Paterson excavation performance bond? +
What does the performance bond cover? +
How is it different from a maintenance bond? +
Is there a credit check? +
Where do I file it? +
Other New York bonds.
Paterson performance bond, issued today.
Five-minute application, flat 3%, $275 minimum. Enter the amount the City required and file the same day.