A construction bond is a 3 party agreement in which the bonding company (surety) guarantees that a contractor will perform obligations according to the established plans and specifications of a contract.
A construction bond provides security so that if the contractor fails to perform the contractual obligations, the surety will assume the responsibilities of the contract, per the terms of the contract, subject to conditions of the bond.
Construction Bonds are most often required on public projects but they can be requested by private owners as well.
As your Surety Bond Expert, we will obtain the bond you need at a price that you can afford in a timely manner. Give us a call so that we can get one of our brokers working on this for you. Contact our surety experts at 1-877-213-4545 or firstname.lastname@example.org
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