Please Fill Out The Form Listed Below To The Left To Apply For Your Bond. To Learn More About Your Bond, Please Use The Information Provided On The Bottom Right.Once Submitted, The Application Will Be Emailed To Our Agents, Who Will Contact You Shortly.
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Contract bonds are typically between a general contractor and a public entity such as a city, county or state. There are three types of contract bonds.
Bid bonds are provided when a contractor bids on a project. The bid bond is a guarantee that if the contractor is awarded the project, that he will honor his bid.
Payment & Performance Bonds:
When a contractor is awarded a bid, the obligee may request a payment and performance bond. Payment bonds and performance bonds guarantee that the contract will be completed on-time and within budget. If the contractor is unable to fulfill the duties of the contract, then the surety company will complete the project under a payment and performance bond. Payment and performance bonds are underwritten based on the credit score of the owner; the financial statements of the company and the experience of the company in completing similar projects.