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Unlocking Savings: A Comprehensive Guide to Virginia Gas Utility Payment Bonds | #city of Petersburg

Unlocking Savings: A Comprehensive Guide to Virginia Gas Utility Payment Bonds

Unlocking Savings: A Comprehensive Guide to Virginia Gas Utility Payment Bonds

Bond Type
Typical Cost
Coverage Amount


Virginia Gas Utility Payment Bond
1-3% of the bond amount
Varies based on project size


Construction Bond
2-5% of project cost.