Performance, Payment, Maintenance, Bid Bonds
What are Performance, Payment, Maintenance, Bid Bonds?
For bonds up to $400,000 please complete the application provided. Once you have completed the application please upload or email it to us. We will be in touch with you shortly and usually have an approval for you the same day.
Bid bonds are free. Performance Bonds cost 3 percent of the total job with $0.00 hidden agency fees.
Purchasing Your Performance, Payment, Maintenance, Bid Bond
1. Click the Buy Now button.
2. Fill out the easy bond form.
3. Confirm your order and select how you would like your bond documents delivered. Email or regular mail.
4. Pay for your bond.
5. If you chose to have your documents emailed, you will receive them within minutes.
It’s that simple and fast!
Pricing & Terms
Surety bond costs are a percentage of the full bond amount, which is usually determined by your personal credit. Providing industry experience, strong personal credit, and business/personal financials will help lower your bond rate. Reach out for a quote today.
Defining Contractor Bonds
Surety bonds used for construction projects are called performance bonds, contract bonds, or construction bonds. A project manager often requires contractors to secure a performance bond as a guarantee to perform under the contract. If the contractor doesn’t perform well, the project owner can look to the surety bond company to ensure the contracted work is completed. Contractor bonds include, among others, bid bonds, performance bonds, and payment bonds.
A bid bond provides a project owner with protection that a project bid proposal will be accurate, a performance bond will be posted, and the contractor will be ready to begin work if awarded the project.
A performance bond ensures that a project is completed according to the provisions of the contract (e.g., agreed upon price, within stated time period). Contractors must obtain a performance bond for all federal and state government construction contracts.
A payment bond is required so that subcontractors or suppliers are compensated for work completed under the contract.
Bond Purchase Process
1. Find Your Bond
2. Secure Pricing
3. Buy Online
Get Started
The bonding process can be confusing and cumbersome. Our surety bond experts are standing by and ready to answer any questions. Let’s get you bonded today!
Frequently Asked Questions
Looking to Get Started or Have Questions?
The bonding process can be confusing and cumbersome. Our surety bond experts are standing by and ready to answer any questions. Let’s get you bonded today!