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Contract Bonds Information
A contract is a surety bond that ensures the contractor will work according to the instructions laid out in the contract. In the case that the contractor does not fulfill the obligations in the contract, the bonding company is liable and must pay the owner.
Contract bonds are sometimes referred to as Construction Bond. A construction bond is simply a general term used to describe the many different bond types that make up a construction project contract from start to finish. This is why you will often times hear ‘construction bond’ and ‘contract bond’ used interchangeably. A contract bond allows bonding for many of the business market’s different sectors.
Applying for a Construction Bond
There are many Contract surety bonds, and each state has different regulations regarding requirements, amounts and types. We can get you the contract surety bond you need despite your credit history, the amount you need or the state in which you live.
Smooth and Seamless Construction Bonds
Construction bonds or contract bonds are the key to conducting business dealings with clients and companies that you work with. Construction can be a tough industry to survive in, with constant uncertainty on when the next project will come your way or how things will turn out. A construction bond can help you survive in this market.
Construction bonds are often required by states based on project budget, nature, and size. With a bond provider backing up your services and guaranteeing them for your clients, you’ll develop more collaborative relationships with your clients and come off as a professional in your field.
Start the process for getting your construction bonds today by filling out our application or calling us. Our insurance agents will locate a reliable and trusted bonds provider with affordable premium rates that operate within your industry and area quickly and get you the surety you need!