Construction Bonds 101 [3 Steps to Getting Your First Contract Bond] Many companies do not pursue public work, simply because of the fear of having to obtain a surety bond. Bid bonds, performance bonds, payment bonds, and maintenance bonds are often required on every public construction project. I know this thought of potentially having to […]
Category Archives: Surety Bonds
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Surety bonds can be confusing, so we’ve created a comprehensive glossary of terms and definitions to help. It can act as your guide as you navigate the world of surety. As a reminder, a surety bond is a three-party agreement that binds together a surety company, a principal, and an obligee. The surety company provides […]