Payment Bonds

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Payment bonds are a type of surety bond that is required by contractors to guarantee that all parties involved in the project including the subcontractors, material suppliers and workers will be paid, regardless of the project’s completion. The cost of these is based largely upon the contract value of the job, and they should be presented along with performance bonds. Therefore, all contractors who want to find work in their state will need to be eligible for these bonds. Continue reading Payment Bonds

Apply for a Surety Bond Online

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Surety bonds are usually required for contractors to work on projects. Without it, a contractor might not be able to work with project owners, workers, and material suppliers. These are the people who play a significant role in the successful completion of contracted job. Surety bonds protect project owners if the principal does not fulfill their obligations per the terms of their agreement. Continue reading Apply for a Surety Bond Online