$100 is your GOOD CREDIT PRICE for a New York DOT Highway Performance Permit Bond.
If you are engaged in contracting that requires right of way on state highways in New York you are required New York State Department of Transportation to file a New York DOT Highway Performance Permit Bond as a condition of licensure.
Bonds Express offers a New York DOT Highway Performance Permit Bond with a 99% approval rate.
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 New York Performance Bond DOT Highway Permit Bond holds you accountable for your business decisions.
By possessing a New York Performance Bond DOT Highway Permit Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.