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Click ‘Get Form’ to open the dot 7513a form in the editor.
Begin by entering the Bond Number in the designated field for bonding company use.
Fill in the Principal's name and details, including the name of the permit applicant or agent, and ensure you provide accurate information about the Surety Company.
Specify the amount of the bond in dollars and include any relevant permit numbers that correspond to your application.
Complete sections detailing the purpose of the bond, including project location and county information. Be thorough to avoid delays.
Sign and date the document where indicated, ensuring all required signatures are included for both Principal and Surety.
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Surety bond premiums are calculated as a small percentage of the bond amount. $500,000 surety bonds typically cost 0.510% of the bond amount, or $2,500$50,000..
How much does a $1000000 surety bond cost?
$1,000,000 surety bonds typically cost 0.510% of the bond amount, or $5,000$100,000. Highly qualified applicants with strong credit might pay just $5,000 to $1,000 while an individual with poor credit will receive a higher rate.
How much does a $500,000 surety bond cost?
For Performance and Payment Bonds, the typical cost ranges from 0.5% to 4% of the total contract price. The rate is often quoted as a dollar figure per $1,000 of contract value. Example: On a $250,000 project at 2.5%, the premium would be $6,250 (or $25 per $1,000).
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Related links
Title 23, United States Code - Federal Highway Administration
Form and terms of assistance. - Technical assistance provided under subparagraph (A), and the terms for the sharing of information among territories.
This document draws upon information made available by the Office of the Law Revision Counsel (OLRC) of the U.S. House of Representatives via that offices U.S.
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