What is a South Carolina DOT (SCDOT) Performance Bond?
In order to carry out work on public streets, roads, and highways in South Carolina, contractors are required to obtain a South Carolina right of way performance bond. This bond ensures adherence to permit terms and provides compensation for damages incurred by the SCDoT or local government as a result of noncompliance. The bond remains in effect until satisfactory completion of the permitted work, including pre-permitted work and damages caused by encroachment in non-permitted areas.
Need a Performance Bond from South Carolina DOT (SCDOT)?
We can help you get the bond you need. We have a variety of bonds available, so we can find the right one for your business.
Get the peace of mind that comes with knowing your business is fully compliant with all laws or rules and regulations.
Contact us today to get started on your South Carolina DOT Performance Bond!
What’s the need for the SCDOT performance bond?
Surety bonds are an important part of ensuring compliance and financial stability. They’re required in all 50 states to guarantee that companies will follow their licensing or permitting requirements across a wide variety of industries, professions, etcetera. The business demonstrates its commitment both financially as well as ethically by providing proof it can uphold these standards. Need a South Carolina East Richland County – Plumber Bond.
What is a DOT Performance Bond in South Carolina and how does it work?
How much does a DOT Performance Bond cost in South Carolina?
Surety bond costs can vary by location and the requirements outline how large a surety’s commitment is to pay out in claims, meaning they will charge different premiums based on an individual’s credit scores or financial history.
Can someone with bad credit get a SCDOT Performance Bond?
While it may seem like a bad credit score means the end of your dreams, you don’t have to give up on getting bonded! Axcess-Surety can help even if your circumstances are adverse. We know that many people who fall into these types of debt include medical expenses or bankruptcies among others so we provide options for everyone with our strong commitment to helping all individuals or companies succeed. Read a South Carolina General Contractor License Group 5 ($350,000) Bond.
Glenn is dedicated to helping contractors get surety bonds and support. Glenn specializes in the construction industry with expertise in bids bonds, performance bonds and payment bonds. Glenn regularly published articles and resources for all things surety bonds.