The manufacturer’s warranties should be limited by the installer to one year of general bonded maintenance which covers not just inherent defects but also gives the owner a guarantee from the installer of proper installation. Most performance bonds cover this initial full warranty under a contract clause called bonded maintenance that includes one year of coverage from date of substantial completion.
Occasionally contracts require extended bonded warranties. The option to extend bonded maintenance to 2 or 3 years is available either by endorsing the performance bond or by replacing the performance bond after substantial project completion with a maintenance bond. Most often the performance bond is endorsed and an additional fee is charged at the time the bond is issued.
A maintenance bond requested prior to completion of the installation will be underwritten as a performance bond. These maintenance bond “only” situations are rare – but a specialist Surety Broker is qualified to deal with these non-standard requests.
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