Bonds and Agreements
When a land development project is initiated in Fairfax County, improvements to the public infrastructure, such as streets, sidewalks, utilities and other bondable items may be required.
In order to guarantee the work is completed per the approved site-related plan and in a reasonable timeframe, the developer must enter into an agreement with the county and post a security, or “bond.” In the event the developer defaults, the county utilizes the bond money to complete the public improvements.
Life of a Bond
The bond is active over the life of the project and will be returned to the developer, or “released,” when the public improvements have been satisfactorily completed.
Alterations to a Bond
If the project runs out of time, an “extension” may be requested. A bond “reduction” may occur when some of the public improvements are complete while others are still outstanding. When a project developer changes during the course of construction, a bond “replacement” may be requested. To learn more, follow the links below.
Need more information?
Visit the Bonds and Agreements FAQs or refer to Chapter 2 of the Public Facilities Manual. For questions or additional information, please contact the Bonds and Agreements Center staff via email or telephone at 703-222-0801, TTY 711. The Bonds and Agreements Center is located at the Herrity Building, 12055 Government Center Parkway, Suite 230, Fairfax, VA 22035.