The performance bond an awarding authority requires before you run a concession on its property — a state park, fairground, government facility, or public venue. The penal sum is set by your concession agreement; we bond it at a flat 3%, $275 minimum, with a soft credit pull only.
















A concession bond is light-underwriting — a soft credit pull, not a financial-statement review. Here is the whole thing:
Your business details, the penal sum from your concession agreement, and who the awarding authority is — that is the entire application.
We run a soft credit inquiry to confirm approval — it never touches your credit score, and it never changes your price. Whatever the pull shows, your rate is the flat 3%.
The executed concessionaire bond is issued for you to file with the awarding authority. Wet-ink originals mailed whenever the authority insists on them.
Bond amount × 3% = your premium, one-time, $275 minimum. The penal sum is whatever your concession agreement names. A $5,000 award works out below the floor, so it lands at the $275 minimum.
A concessionaire bond guarantees that a concession operator — say, running a food, beverage, or retail concession on public or institutional property — will perform its concession agreement and pay the sums it owes the awarding authority. If the operator defaults on the agreement, the authority can claim against the bond.
In New York the most common awarding authority is the Office of Parks, Recreation and Historic Preservation, which requires concessionaires to post a bond before operating a concession in a state park, historic site, or fairground. State facilities concessions run through other agencies as well, including the Office of General Services.
The penal sum is set by the awarding authority in your concession agreement — there is no single statutory figure. Enter whatever amount your award states and the quote updates. Pricing is a flat 3% of that penal sum, $275 minimum, with a soft credit pull only.
Submit the application with the penal sum from your concession agreement — we run a quick soft pull and issue the executed bond for you to file with the awarding authority.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
Five-minute application, soft pull only, flat 3% of your penal sum with a $275 minimum. File with the awarding authority the same day.