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Contractor Bonds
Concrete Performance Bond
The City of Mission Hills requires a performance bond in
the amount of $2,500 for concrete work to protect the City in the
event that the contractor washes out concrete trucks in the street, which
damages city catch basins and is expensive to repair. It also protects the
City in case the contractor otherwise damages curbs, driveway aprons and
street asphalt. Provided that this situation does not arise, the contractor
will be able to reclaim the performance bond in its entirety upon completion
of the job. If the contractor washes concrete into the City’s curbs, streets
or catch basins, the City will cash the bond to make the necessary repairs.
Demolition Performance Bond
The City of Mission Hills requires a demolition bond in
the amount of $5,000 for whole-house demolitions. This bond protects
the City in the event that the contractor damages curbs, driveway aprons,
streets, public right-of-ways, or the City’s stormwater system. Provided that
no damage occurs, the contractor can reclaim the bond in its entirety upon completion
of the job.
New Structure Performance Bond
The City of Mission Hills requires a performance bond in
the amount of $5,000 for new houses. This bond protects the City in
the event that the contractor washes out concrete trucks in the street, which
damages city catch basins and is expensive to repair. It also protects the
City in case the contractor otherwise damages curbs, driveway aprons,
streets, public rights-of-way, or the City’s stormwater system. Provided
that this situation does not arise, the contractor will be able to reclaim the
performance bond in its entirety upon completion of the job.
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