Performance bond on construction

[halalkor]

I am a luxury home builder and currently finishing up a driveway on a new home. In the event the job is not done properly, it will affect a neighbor's property negatively. This neighbor wants me to post a bond to ensure that this driveway on this new home will be properly done. In case my job is not satisfactorily done (as determined by an independent inspection company), the neighbor would like to take corrective action on his property and would cash the bond to help pay for this corrective action.

Two questions:

A. What kind of bond works for this situation?

B. If my credit is good to very good and having been in business for over five years how much would it generally cost for a $100,000 bond?

P.S.: I have also cross-posted this on the "Other Bond" forum also.

[Admin]

A: A site-improvement bond

B: Unfortunately, we do not allow for discussion of rates on the forums, as rates can change and the underwriting process is not that simplistic.