If your building or construction projects requires closing or obstructing streets, alleys or sidewalks, the New York City Department of Transportation requires that you obtain a surety bond. The required bond amount depends on the number of affected locations.
The street obstruction bond protects against damages resulting from violations of applicable laws, statutes, ordinances, rules and regulations.
State of New York
New York City Department of Transportation
55 Water Street, 9th Floor
New York, NY 10041
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A surety bond is a three-party agreement among a principal, an obligee, and a surety.
The bond formalizes the principal's obligation to the obligee. The surety guarantees that the principal will fulfill their obligation.
