The Texas Blanket Building & Construction Bond is required by the City of El Paso, Texas
El Paso requires the Blanket Building & Construction Bond to be in the amount of $25,000. The cost of the bond starts at $250 for the year.
The City of El Paso will not give out permits for construction if this bond is not on file. This bond is generally for new commercial or residential construction projects, renovations, or additions in El Paso.
The Blanket Building & Construction Bond states that the bond holder and its agents, employees, and subcontractors must comply with all provisions, rules and regulations of the El Paso City Code. The bond holder and its agents, employees, and subcontractors must pay any damages which are sustained by the City or by the person for whom the work is done. If these damages must also be payed for if are caused by failure of the bond principal (the person or entity who buys the bond), its agents, employees, or subcontractors to comply fully with El Paso City Code.