Secure Your Construction Success With Essential Bonds Today
There are several types of construction bonds, each serving a unique purpose:
- Bid Bonds: These bonds provide assurance that the bidding contractor will enter into the contract at the bid price and provide the required performance and payment bonds.
- Performance Bonds: These guarantee that the contractor will perform the work according to the contract terms.
- Payment Bonds: These ensure that subcontractors and suppliers are paid for their services and materials.
- Maintenance Bonds: These cover any defects in workmanship or materials for a specified period after project completion.