The initial submission of the Surety Value Estimate form to the county will help determine the amount of a bond, or “surety,” which is based on the estimated cost to construct the required improvements per the Unit Price Schedule, plus other allowances such as administrative costs, inflation and possible damage to existing facilities. Please note, the county will not double bond items that are already bonded with VDOT. If the project has a VDOT bond, please provide proof of the posted VDOT bond attached to the Surety Value Estimate to ensure that items are not double bonded.
A bond estimate review is initiated when a developer makes the second submission or first as final of site/subdivision plans. As a part of the second submission of the site/subdivision plan process, a copy of the plan and forms listed below will be forwarded to the Bonds and Agreement Center for review.
View a chart of the Estimate Review process.
- Surety Value Estimate Form
- Pro Rata Assessment Form (Effective July 1, 2015)
Staff from the Bonds and Agreement Center will determine the final bond amount and other project-specific requirements for the Bond and Permit Package which are listed in the Surety Value Estimate approved email that is sent to the project engineer and developer after the bonds and agreements review is completed in PLUS.