City of Beverly Hills Grading Permit Bond
What is the Purpose of the Grading Permit Bond?
The City of Beverly Hills requires contractors performing construction involving grading to obtain a Grading Permit Bond. The bond represents a financial guarantee by the contractor and the issuing surety company to the City of Beverly Hills that all contracted work will be completed on time and the jobsite will be returned to its original condition.
How Much Does the Bond Cost?
Any security bond required by Section 8-2-6 may be cash, or cash equivalent security approved by the city attorney and the risk manager, or a bond. The amount of the bond shall be designated by the approving authority at the time of approval of the permit.
The bond cost for the contractor is typically between 1%-7.5% depending on the contractor’s personal credit score.
| Bond Amount | Bond Cost* |
|---|---|
| Varies | 1%-7.5% |
*Prices shown are based on several factors. Not all available pricing tiers are shown. Rates do not constitute an offer of bonding and are subject to change at any time.
How Does the Permit Application Process Work With the City of Beverly Hills?
An application for the type of permit requested shall be filed with the transportation/engineering official and shall comply with the following requirements:
- Completion of a permit application on the form designated by the city and signed by the applicant.
- Payment of permit fee as prescribed by council resolution.
- Posting of a security bond and/or insurance.
- Proof of legal authority of the applicant to use, occupy, or otherwise engage in activity in, on, or under the public street, alley, or other public property.
- Plans, engineering drawings, and specifications as required by regulations issued by the transportation/engineering official.
- Compliance with such other requirements as designated in the rules and regulations of the transportation/engineering official.
Does CCIS File the Bond for Applicants?
City of Beverly Hills requires wet signatures** on filed bond documents. This means both parties must physically sign the bond prior to sending it in to the City of Beverly Hills. The original bond form issued by CCIS needs be mailed to or dropped off at the following location by the contractor once signed:
**Properly review bond forms to confirm if notarization is required. Failure to adhere to document requirements may lead to rejection of the bond form by the City of Beverly Hills.
Does This Bond Expire?
The permit bond expires upon the specified expiration date, typically one year from the date of issuance. A new permit bond will need to be purchased should the project take longer than one year.
Claims Information
If the City Beverly Hills files a claim against the Grading Permit Bond, the Surety company will investigate the legitimacy of the claim and proceed accordingly. CCIS does not handle surety claims in office, however, claims contact information will be provided to the contractor, to move the claims process forward.
If the claim is found to be legitimate, the Surety company will payout to the City of Beverly Hills, up to the limit of the bond.
Unlike insurance policies that protect contractors from unforeseen events, this bond protects the City of Beverly Hills, its laborers, and suppliers from the actions of a contractor. Contractors are responsible for their actions and therefore must reimburse the Surety company for any claims paid. Failure to do so will significantly inhibit a contractor’s ability to obtain a surety bond for future jobs.
