Contract Bond Types
Contract surety bonds are comprised of several bond types that cover a construction project from start to finish. Whether you need a single bond to get your project started or multiple bonds to secure a new project, JW Surety Bonds is prepared to inform and assist you.
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Bid Bond
A guarantee that the bonding company will provide a performance bond if the contractor is awarded the job.
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Construction Bond
Is not a bond type, but a general term used to describe contractor bonding.
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Maintenance Bond
A contractor bond in force following a performance bond.
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Payment Bond
Assures that the suppliers, laborers, and subcontractors will be paid if the contractor defaults.
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Performance Bond
A contract bond to guarantee the completion of a project per the terms of the contract.
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Site Improvement Bond
Required to ensure public property will be restored upon the completion of a private project, in which the principal owns the land.
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Subdivision Bond
Local authorities require a guarantee that the landowner completes mandatory public improvements that builders & developers make to their property.
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Supply Bond
Required by the project owner, state or federal law to secure payments to suppliers.
