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B&D Bonds - Performance

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1. How do I get released from my performance bond?

You must request release by paying the release fee and sending a short letter requesting release addressed to:
Director, Loudoun County Building and Development
PO Box 7000
MSC 60
Leesburg, VA 20177-7000
Your release request must be accompanied by your release fee. A link to the fee schedule is provided below.
FEE Schedule

2. My performance agreement is almost over and I haven’t completed the work. What do I do?

County ordinances allow performance agreements to be extended. To do so you must pay the fee and provide the following:
-An executed (signed and notarized) Extension Agreement
-A Consent to Extension (required for corporate surety bonds and letters of credit)
-A Bond Rider (for corporate surety bonds) or a Letter of Credit Amendment
-Current Powers of Attorney for anyone who signs on behalf of the surety company.
-An Extension Request Form

Please consult the Building and Development Fee Schedule for associated fees.

Performance Agreements can be extended for up to one year. Each year that the Performance Agreement is extended, the County will inspect the site to see if an increase in the bond is merited. If the bond was previously reduced and the condition of the improvements has degraded, the County may increase the amount of the bond to cover repairs.

Prior to the approval of the first Extension Agreement, you must provide a Preliminary Street Acceptance Package (PSAP). This consists of several of the items required at bond release.

If your performance agreement ends before it has been extended you will be in default of your agreement. If this happens, the County may hold all permits, inspections, and application approvals. The County may also choose to call the bond. See FSM §8.305(C) for the Effects of Bond Default.

Extension Agreement