Payment and Performance Bonds Explained: Fast and Simple with ZipBonds
If you’re bidding public projects, you’ll need these two contract bonds. Learn what they are and how to get them FAST.
What are payment and performance bonds?
- Performance Bond: Guarantees project completion for the owner
- Payment Bond: Ensures subs, suppliers, and workers get paid
Who needs these contract bonds and why?
- Required for most public projects
- Builds trust on private jobs
- Helps contractors win more work
Benefits for Contractors
- Win bigger jobs
- Build credibility
- Keep projects moving smoothly
Why ZipBonds?
Quick Start Program
Get pre-qualified for contract bonds up to $1,000,000 in just 2 minutes.
Lightning-Fast Turnaround
Many bonds are approved in minutes. If you require bonds for a larger project, you can expect a response within 24 hours.
Solutions for Every Contractor
Even if you’re newer, have credit challenges, or need help with bonding capacity, we have options like SBA support, collateral, and funds control.
Get started today with ZipBonds. Secure the bonds you need in minutes.
All the Bonds You Need, All in One Place
From Bid, Payment, and Performance to Subdivision, Court, and License Bonds — plus state-specific bond requirements at your fingertips.
Built for Contractors Like You
Zip provides tools, FAQs, and expert advice to help you grow your business and win more work.