If you are a contractor that does work in the public sector, then Contract Bonds are essential to your business. There are several different types of bonds that our professionals can help you with:
• Bid Bond guarantees that the contractor, if awarded the job, will enter into a contract with the owner and furnish the required performance and payment bonds.
• Performance Bond guarantees the faithful performance of the terms and conditions of the written contract.
• Payment Bond protect subcontractors and suppliers by guaranteeing that all claimants will be paid for labor and materials supplied to the contractor for use on the bonded job.
• Maintenance Bond guarantees that for a stated period, usually one year, no defective workmanship or material will appear in the completed project.