Secure Your Construction Success With Essential Bonds Today

Cost Considerations and Financial Implications

The cost of obtaining construction bonds varies based on several factors, including the bond type, project size, and the contractor's financial history. Typically, bond premiums range from 0.5% to 3% of the contract amount¹. While this might seem like an additional expense, the investment in bonds can lead to significant long-term benefits by securing more contracts and reducing financial risks.