Electrical & Gas Bonds

Contractors: Electricians and Gasfitters may be required to post an Electrical or Gas Bond, in the amount of $10,000. in order to be able to pull permits. Bond amounts are available from $10,000 to $100,000 and Bond terms available up to 1,2 and 3 years. Most Obligees do not accept digital copies of the Bond and require a hard copy with Surety Seal and Signatures. In an attempt to accelerate the process, Bonds will be sent to the Principal by mail within 24-48 hours of purchase, guaranteed.

In simple terms, a Surety Bond is an agreement between three parties – the principal, the surety and the obligee. In this agreement, the applicant (the business owner) is the principal and Provincial Business Licensing and Registration Body who is requesting the Bond is the Obligee and the Company issuing this bond is the Surety. NEXUS offers a variety of Bonds including Bid Bonds, Consents, Performance, Payment and Material bonds that Contractors may require for larger projects.