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What do you need?

Bid Bonds

A Bid Bond gives the owner confidence that the contractor has the financial qualifications to take on the job and will sign a contract if they win the bid, including providing performance and payment bonds later on. Learn more about Bid Bonds and how they work.

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Performance Bonds

A Performance Bond ensures the contractor will perform its contractual duties in accordance with the contract. If the contractor fails to complete the project according to the contract, the owner can make a claim. Frequently, performance bonds work in conjuction with payment bonds.

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Payment Bonds

A Payment Bond, also known as a Labor and Material Bond, guarantees that the contractor will pay all financial obligations (material, labor, subcontract, etc.) relating to the contract. If the contractor fails to pay subcontractors and suppliers for their work, the payment bond amount may be used as reimbursement to these parties.

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Maintenance Bonds

A Maintenance Bond provides coverage against defects or faulty workmanship for a specified time after a project’s completion. If a project is deemed defective during this time period, the maintenance bond amount may be used to cover necessary repairs.

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Supply Bonds

A Supply Bond guarantees the contractor will provide certain supplies, equipment or materials to the owner. If the contractor fails to provide the agreed upon items, the supply bond amount may be used to reimburse the owner for any resulting loss.

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Commercial Bonds

A Commercial Bond guarantees the contractor will comply with local statutes and ordinances.This type of bond is also known as a license or permit bond. Depending on the project, Commercial Bonds may also oversee adherence to state and federal regulations.

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