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CONSTRUCTION BONDS

If you're in need of construction bonds, Our surety specialist have the knowledge and expertise to provide customized surety solutions that will deliver better results than any other agency. Whether you're a new company seeking your first construction bond or an established company looking for greater capacity and better terms, our construction bond specialists can help. Our commitment to our clients is ongoing. We take the time to engage with you and learn everything we need to know about your business in order to provide the best possible service.

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Construction bonds, often referred to as "contract bonds," are a type of surety bond used in the construction industry to ensure that the principal (usually the contractor) fulfills their obligations as outlined in the contract with the obligee (typically the project owner). These bonds protect the obligee from financial loss should the contractor fail to complete the project or fail to meet the specified standards.

There are several types of construction bonds, including:

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Bid Bonds: This ensures that the contractor will honor their bid and will secure the required performance and payment bonds if awarded the contract.

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Performance Bonds: This guarantees that the contractor will complete the project as per the terms and conditions of the contract. If the contractor fails to do so, the bond will cover the obligee's costs to complete the project.

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Payment Bonds: This ensures that the contractor will pay all subcontractors, laborers, and suppliers involved in the project. If the contractor defaults on payments, those owed money can make a claim against the bond.

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Maintenance Bonds: This guarantees that the contractor will fix any defects or issues that arise after the project's completion, typically within a specified warranty period.

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Supply Bonds: This ensures that suppliers provide materials as contracted, ensuring there are no delays or disruptions due to material shortages.

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Surety Bond Specialist

Whether getting CONSTRUCTION BONDS is easy or challenging, with the strong relationships we’ve built over the years we make sure you get the best contract and commercial surety the market can deliver. With over 80 SURETY PARTNERS we have access to the key decision-makers for all 50 states and know what they are looking for and how to position and present surety requests to get you the BEST RESULTS for your situation. NEVER MISS AN OPPORTUNITY!

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