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The City of Socorro requires a $5,000 blanket building & construction bond to register as a contractor and pull permits in the city. The price is $100 flat — the price you see is the checkout price. The bond issues the moment you pay — no credit check.
















License bonds are the simplest thing in surety. Here's the entire process:
Business details and an effective date. That is the application. No credit check.
License bonds like this are among the thousands of bond types that issue right after purchase.
Your executed bond arrives by email, ready to file with your Socorro contractor registration. Wet-ink original mailed on request.
The City of Socorro registers building and construction contractors and conditions that registration on a $5,000 blanket bond. The bond is a public-and-code-compliance guarantee: it stands behind your compliance with the city's building code and permit requirements across the work you pull.
It's a three-party arrangement: you (the principal), the surety carrier, and the City of Socorro (the obligee). If a contractor violates the city's building ordinances or leaves permitted work non-compliant, the city or a harmed party can recover against the bond.
It is not insurance for you. If the surety pays a claim, you repay the surety. Contractors who pull proper permits and pass inspections treat the bond as a registration formality.
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.
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 Socorro. Your executed bond arrives by email, ready to file with your Socorro contractor registration. Wet-ink original mailed on request.
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.
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.