Construction Bonds

This classification of applications is for specific construction related contracts that need surety guarantees, and includes bid bonds, performance, payment, plat/subdivision and maintenance guarantees.

Performance, Payment and Bid Bonds

Performance bonds guarantee performance of the terms of a contract. These bonds frequently incorporate payment bond (labor and materials) and maintenance bond liability. This protects the owner from financial loss should the contractor (principal) fail to perform the contract in accordance with its terms and conditions. Learn More.

Subdivision and Plat Bonds

Small Subdivision Bonds – Also referred to as site improvement, plat completion, subdivision or plat bonds. The difference between this bond and performance and payment bonds is that the owner of the property is the principal. Learn More.

Supply and Service Contractor Bonds

This application is for other than construction contracts that need performance and payment guarantees. This might include contracts for:

Janitorial Services
Security Firms
Food Suppliers
Landscaping Services
Moving Services
Learn More

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Maintenance Bonds

Maintenance bonds, often required in construction projects, are surety bonds that ensure the contractor will provide maintenance and repair services for a specified period after project completion, protecting the project owner from defects or issues that may arise during that time.

Release of Retainange Bonds

Release of retainage bonds are financial instruments used in construction projects to secure the release of funds held as retainage, ensuring that subcontractors and suppliers are paid promptly upon completing their work.

Timber Sale Bonds

Timber sale bonds are surety bonds required by government agencies to guarantee that timber harvesting contractors adhere to regulations, fulfill contractual obligations, and properly reforest or rehabilitate the land after timber removal.

SBA Surety Guarantee Program

The SBA helps small and emerging contractors obtain surety bonds for contracts up to $6 million. The Small Business Administration gives sureties an incentive to provide bonding for eligible contractors and help strengthen the contractor’s ability to obtain bonding. Learn More.

Renewable Energy Surety Bonds

In the renewable energy sector, surety bonds help ensure that various parties follow regulations, fulfill their contractual obligations, and cover financial responsibilities.