Construction & Contract Surety

Surety bonds that are written for construction projects are called contract surety bonds. A project owner (the obligee) seeks a contractor (the principal) to fulfill a contract. The contractor, through a surety bond producer, obtains a surety bond from a surety company. If the contractor defaults, the surety company is obligated to find another contractor to complete the contract or compensate the project owner for the financial loss incurred.

Bid Bond

Provides financial protection to the owner if a bidder is awarded a contract but fails to sign the contract or provide the required performance and payment bond.

Performance Bond

Provides an owner with a guarantee that, in the event of a Contractors default, the surety will complete – or cause to be completed – the contract.

Payment Bonds

Ensures that certain subcontractors and suppliers will be paid for labor and materials incorporated into a construction contract.

Warranty Bond (Maintenance Bond)

Guarantees the owner that any workmanship and material defects found in the original construction will be repaired during the warranty period.

Small Contract Surety Requirements
($750,000 MAX. BOND AMOUNT)

Download and Complete Application

  • Provide Business Financial Statement, if required.
  • Provide Personal Financial Statement, if required.
  • Provide Project information Contract.

  • Large Contract Surety Requirements

    Download and Complete Application

    Contracts in Progress

    Personal Financial Statement

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