Texas Maintenance Bond – Private Development, Paving, Drainage, Utilities
A Texas Maintenance Bond for private development projects in the City of Garland, involving paving, drainage, and utilities, ensures that the contractor will maintain the completed work for a specified period, typically one to two years, after the project’s completion. This bond protects the project owner and the City of Garland by guaranteeing that any defects or issues arising during the maintenance period will be addressed and corrected by the contractor at no additional cost. It provides financial security and assurance that the infrastructure will remain in good condition, thereby safeguarding the investment and ensuring long-term functionality and reliability of the development within the city.