CONSTRUCTION BONDS

WHAT ARE THEY?

Without bonding, you may not be able to get or even pursue all the work that is available. Our years of experience, focus on bonding, industry relationships, and our consultative approach are all geared toward maximizing your bonding program and taking your company to the next level! Learn more about the bonds that we can offer you!

Bid Bonds

A Bid Bond is issued by a bonding company, also referred to as the surety, on behalf of a contractor. It provides assurance to the owner that if awarded the job, the bidder will enter into the contract and provide the required payment & performance bonds.

Performance Bonds

A performance bond is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. It is also referred to as a contract bond.

Payment Bonds

A payment bond is posted by a contractor in order to guarantee that its subcontractors, laborers, and material suppliers on the job will be paid. The payment bond can be written in conjunction with a performance bond or can be issued as a stand-alone bond.