What is a Maintenance Bond and Why Do You Need One?
Also known as a warranty bond, this is a type of construction bond that is needed for performing work on public projects.
If your workmanship is not free of defects for the specified period of time after it is completed, a claim can be filed on your bond.
Are Maintenance and Warranty Bonds the Same?
Yes, they are the same bond type; they are simply different names used to refer to this type of bond. If you would like to learn more about what surety bonds are and how they work, you can read our detailed guide here.