Contract Bonds

A contract bond is required of individuals who have contractual obligations to perform work or services for others. Contract surety bonds guarantee an individual will fulfill the terms of a contract. Contract bonding is often used to guarantee construction work, hence the term contractor or construction bonds.

• Bid Bond

  A bond that guarantees the bidder will provide a performance bond if they are awarded the job.

• Maintenance Bond

  A contract bond guaranteeing completed work will be free of defects for a specified period of time.

• Performance & Payment Bonds

  Contract bonds that guarantee the completion of a project per the terms of the contract.

• Subdivision Bond / Site-Improvement Bonds

  Contract bonds that guarantee a developer will make the additions/improvements as agreed upon in the developer's agreement.

• Supply Bond

  A contract bond that ensures materials will be delivered per the contract.