Your Guide to Contract Bonds

Construction Contract Surety Bonds provide financial security and construction assurance on building and construction projects by guaranteeing the project owner (Obligee) that the contractor (Principal) will perform the work and pay certain subcontractors, laborers, and material suppliers accordingly.

Contract surety bonds include:

Bid Bonds

Bid Bonds provide financial assurance that the bid has been submitted in good faith, and that the contractor intends to enter into the contract at the price bid and provide the required performance and payment bonds.

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Payment / Performance Bonds

Payment Bonds guarantee that the contractor will pay the subcontractors, laborers, and material suppliers associated with the project.

Performance Bonds, on the other hand, protect the owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions.

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Warranty / Maintenance Bonds

Warranty, or Maintenance Bonds, normally guarantee against defective workmanship or materials for a specified period.

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Development / Subdivision Bonds

Development or Subdivision Bonds provide a guarantee to a city, county, or state that the principal will finance and construct certain improvements such as streets, sidewalks, curbs, gutters, sewer, and drainage systems.

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Looking for a Contractor’s License Bond?

Contractor license surety bonds (CLBs) offer a financial guarantee to the state that the contractor will comply with building codes and regulations as well as adhere to ethical business practices. These bonds are required for various construction trades, including but not limited to the construction or deconstruction of residential and commercial buildings, HVAC, electrical work, plumbing, and other specialties.

In addition to contract bonds, we write supply bonds, service contract bonds, and contractor license bonds for all 50 states, including the District of Columbia. Partner with the nation’s leading surety bonding specialists to get competitive rates, expert guidance, and an easy process.

Search by state for Contractor’s License Bonds, Supply Bonds, or Service Contract Bonds.
Find Your Contractor's Bond

Get the bond you need with speed and precision when you choose BOSS Bonds.

Fill out the form to get expert advice with the most straightforward, hassle-free experience and the best possible bond program. Or, call us at 1-800-361-1720.

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