If you are a contractor in the State of Alabama, you may be required to possess a Alabama Right of Way Permit Bond to obtain a Right of Way Permit (sometimes called a driveway permit, culvert permit, or utility permit) for your project. The Alabama Department of Transportation requires an Alabama Highway Right of Way Bond for work on a highway right of way.
Bonds Express offers an Alabama Right of Way Permit Bond with a 99% approval rate. You will be required to provide both business and personal financial statements, in addition to a signed application in order get an Alabama Right of Way Permit Bond.
The Alabama Right of Way Permit Bond is required if you need a Right of Way Permit to disturb, excavate, block, obstruct, tamper with, or place any construction, or other material, on, or in, a city road, right of way, or easement.
The Alabama Right of Way Permit Bond serves to indemnify the town or municipality, the Obligee, in which you are working against any financial losses that may arise due to damages, wrongdoings, or fraudulent acts on the part of you, the Principal.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Alabama Right of Way Permit Bond holds you accountable for your business decisions.