Texas maintenance bond 2026

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The document is a Maintenance Bond from the State of Texas, specifically for the City of Plano, ensuring that a Principal and Surety are financially responsible for repairing any defective workmanship related to public improvements constructed under a contract with a Developer. The bond guarantees these repairs for one year after the work is completed and accepted by the City.

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Click ‘Get Form’ to open the Texas Maintenance Bond in the editor.
Begin by filling in the Principal's name and address in the designated fields. This identifies who is responsible for the bond.
Next, enter the Surety's name and address. Ensure that this is a corporation authorized to act as surety in Texas.
Specify the amount of the bond in both words and numbers, ensuring accuracy as this represents your financial obligation.
Fill in the Developer's name and contract date. This connects your bond to a specific project.
Review Exhibit 'A' for public improvements related to your project, ensuring all details are correct.
Finally, have both Principal and Surety sign and date the document. Make sure all titles and addresses are correctly filled out.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Do you get your money back from a performance bond?

Are performance bonds refundable? Performance bonds are refundable, but it depends on the situation. Performance bonds guarantee the successful completion of contracts, ensuring that a project will be finished, particularly if the contractor fails to fulfill their obligations.

How does a maintenance bond work?

A maintenance bond is not technically insurance, but basically functions as an insurance policy on a construction project that promises a contractor will either correct any defects that arise or that the owner is compensated for those defects.

How much does a maintenance bond cost?

Normally, the premium ranges from 1% to 4% of the bonds total amount. For example, a $100,000 bond may cost between $1,000 and $4,000. Some contractors may bundle this bond with a performance bond, sometimes receiving the first year of maintenance coverage at no additional cost.

How long is a maintenance bond good for?

Duration: how long does coverage last? For most building projects, a one-year maintenance period following final acceptance is standard. For projects where defects may take longer to appearsuch as paving, sewer, bridge, or waterfront worktwo or more years may be mandated.

What is the meaning of maintain bond?

A maintenance bond insures the owner of a completed construction project for a specified time period against defects and faults in materials, workmanship, and design that could arise later due to shoddy workmanship.

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How much do you have to pay on a $50,000 bond in Texas?

For a bail bond service, you are charged a fee. So, if the court rules your bond is $50,000, the fee is $5,000. Its beneficial for an accused to be released from jail, as this allows them to attain legal representation and ready their case.

Texas maintenance bond 2026

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How to use or fill out Texas Maintenance Bond with our platform

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Got questions?

Do you get your money back from a performance bond?

How does a maintenance bond work?

How much does a maintenance bond cost?

How long is a maintenance bond good for?

What is the meaning of maintain bond?

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How much do you have to pay on a $50,000 bond in Texas?

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