The New Mexico Sidewalk Gutter Bond is required by the City of Albuquerque, in the amount of $5,000. The bond states that the bondholder shall build and construct all sidewalks, drive-pads, curbs & gutters in such a way as to comply with all the requirements of the City’s Sidewalk Ordinance.
According to the City Ordinance, anyone who will be working within the City Right-of-Way on sidewalks, drive-pads, curbs and/or gutters must obtain a permit. The Sidewalk-Gutter bond is one of the permit requirements.One requirement of the permit is the Contractor’s Sidewalk-Gutter Bond.
The bond must be issued by a surety company licensed to operate in the state of New Mexico. Surety1 is licensed in all 50 states.
An original Certificate of Insurance showing evidence of at least $2,000,000 in general liability insurance. A copy of your state license for excavation or concrete work.
Surety1 can get you a free, no obligation quote FAST. Complete our easy to navigate, free online application form and a friendly surety agent will contact you with a no-obligation quote. When you are ready to proceed, we will collect the payment on the premium and have you sign some paperwork. Then the bond will be mailed out to you. You have the option of USPS Priority Mail or Overnight shipping, for an additional fee.
We here at Surety Solutions Insurance Services Inc. (Surety1) understand the need for a simpler process in applying for surety bonds. We have been writing Surety Bonds since 2003 and are licensed in every state. We have partnered with several surety markets who are ranked A in order to offer the best rates to our customers. Our excellent service has led us to an A+ rating from the Better Business Bureau.