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The City of Lakeway requires contractors performing construction or improvements to post a $10,000 permit bond before Building & Development Services will issue certain permits. Ours is $100 flat — the price our carrier sets for this specific bond. The bond issues the moment you pay — no credit check.
















Municipal permit bonds are about the simplest thing in surety. Here's the whole process:
Business details and an effective date. No financials, no credit check, no follow-up scavenger hunt.
Small fixed-amount permit bonds like this one usually issue right after purchase.
Your executed bond and power of attorney arrive by email, ready to file with Lakeway Building & Development Services for your permit. Wet-ink original mailed on request.
A City of Lakeway permit bond is a code-compliance guarantee. When you pull a permit for construction or improvements, Lakeway wants assurance that the permitted work will comply with city code and any conditions of approval — and that the public and the city aren't left covering the cost if it doesn't.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Lakeway (the obligee). If your permitted work violates city code or the conditions set by Building & Development Services, the city can make a claim against the bond.
The bond must stay active while your permit obligations are open. Let it lapse and the city can hold or revoke your permit — so we track it and notify you 60 and 30 days out, keeping your $10,000 filing continuous.
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 $10,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
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.
File with the City of Lakeway. Your executed bond and power of attorney arrive by email, ready to file with Lakeway Building & Development Services for your permit. Wet-ink original mailed on request.
The premium is fixed at $100 at the $10,000 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.
These are the actual issuing fields. No credit check.
Start the application →Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
$100 flat, no credit check, bond often issued in the same sitting. Free until issued.