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Contract and Construction Surety Bond Programs

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If you need a Performance or Bid Bond, our Experienced Contract Bond Team can help! We work with Contractors Nationwide. When Contractors are awarded a large project, the project owner usually requires a Payment and Performance Bond. Contract Bonds typically guarantee the contractor’s work quality and that the project will be completed as per the specifications in the contract. They also guarantee the contractor will pay all of the labor and material bills. Please call our Contract Bond Team at 800-314-7003 and Get Bonded Today!

Our Special Contract Bond Programs

Quick Access Programs: Up to $400K/$800 aggregate in bonding with only a Credit Check in most cases
Next Step Programs: Up to $1 mil in bonding with relaxed underwriting requirements
SBA Performance Bonds: For Emerging and Minority Contractors 
Standard Performance Bonding: Full underwriting required for bonds over $1mil to $100 mil/$300mil aggregate

Contractor Coaching

If you are new to performance bonds required for construction and other contracts, our experienced team can coach you as to what is needed by the Sureties. They can be rather daunting for first timers and we can help walk you through the process making it as easy and painless as possible.

Bonding Line of Credit

Many contractors are frequent bidders on public works projects and need to stay “Underwritten” on an ongoing basis including regular back and forth communications to update jobs and numbers. Some bid requirements come in last minute and a Bid Bond is needed right away. We excel at this type of relationship between bonding agent and contractor. Give our contract team a call at 800-314-7003 and we can discuss specifics.
 

The Contract and Construction Bonds that Pro Surety Bond offers are:

Performance Surety BondContract Bonds
A Performance Bond is a bond that protects a project owner or developer from financial loss should the contractor fail to complete the project.  Often bundled with Warranty Bonds and Payment Bonds.

Subdivision Surety Bond
Subdivision bonds guarantee the work that connects private property to public property will be completed. Typically this work includes projects like sidewalks, sewers, street lights, water access, etc., that the municipality will ultimately own. Municipalities require these bonds before issuing building permits. These are also known as Off Site Bonds, Plat Bonds or Completion Bonds.

Offsite Surety Bond
Offsite bonds guarantee the work that connects private property to public property will be completed. Typically this work includes projects like sidewalks, sewers, street lights, water access, etc., that the municipality will ultimately own. Municipalities require these bonds before issuing building permits. These are also known as Subdivision Bonds, Plat Bonds or Completion Bonds.

Warranty Surety Bond
Warranty Bonds, also known as Maintenance Bonds, assure a project owner that a contractor will honor any warranties pertaining to work performed on the project, typically one year.  Often bundled with Performance Bonds and Payment Bonds.

Supply Surety Bond
Supply Bonds provide financial reassurance to the project owner that any party which provides materials for his building project will do so on time and according to contract stipulations. 

Labor Surety Bond
Labor Bonds--also known as Labor and Materials Payment Bonds--assure subcontractors, suppliers and other parties working under the project owner that they will be paid according to schedule. Often bundled with Performance Bonds and Warranty Bonds.

Material Surety Bond
Another name for Labor Surety Bond or Payment Bond, Material Surety Bonds shelter subcontractors and other parties working under the project owner from owner payment default or delinquency. Often bundled with Performance Bonds and Warranty Bonds.

Bid Surety Bond
Bid Bonds are a way for project bidders to demonstrate to project owners that their bids are made in good faith, and that they will make good on their commitment to the project. 

Payment Surety Bond
Payment Bond is another name for Labor Bond or Material Bond. They vouch for the financial reliability of the project owner to the subcontractors on the project.  Often bundled with Performance Bonds and Warranty Bonds.

We are Approved by the US Small Business Administration to Offer SBA Performance Bonds! 

Click Here to Learn More about SBA Performance Bonds
https://www.sba.gov/surety-bonds

 

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