Right of Way Bond
Depending on the municipality, a Right of Way Bond could be mandatory in order to conduct work on public highways and roads or similar public spaces. This is a permit bond that guarantees that operators will observe all local and state laws in their work. Failure to observe local and state laws can result in a claim against the bond. Bond prices and requirements vary from municipality to municipality, and in some cases, a credit check and background screening can be involved.
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