Sand and Gravel Mine Reclamation Bond
What is a Sand and Gravel Mine Reclamation Bond?
A Sand and Gravel Mine Reclamation Bond is a type of Environmental & Land Use bond that ensures that sand and gravel reclamation contractors comply with contract terms, federal, state, and local regulations, protecting clients from any damages or improper execution of the sand and gravel reclamation project.
Protects clients from financial loss due to the misconduct or negligence of sand and gravel reclamation contractors, ensuring the proper completion of sand and gravel reclamation projects and restoration of the land to its original condition or an agreed-upon state.
Required by government agencies or private clients to ensure responsible management and compliance with contract terms and regulations by sand and gravel reclamation contractors, and to protect the environment and local communities.
Applicant’s personal or business information, credit history, bond amount (determined by the contract requirements), and sand and gravel reclamation contract details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
