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What Is a Construction Bond in Subdivision Projects?

A construction bond in subdivision developments is a critical financial guarantee ensuring that a developer completes all required improvements within a new subdivision. These improvements typically include roads, sidewalks, drainage systems, utilities, and other public infrastructure. The bond protects the local government and future homeowners by ensuring that if the developer defaults, the bonding company will step in to finish the work or compensate for the losses. Most municipalities require this bond before approving subdivision plans or issuing permits.

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What Is a Construction Bond in Subdivision Projects?

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