Construction Bonds

Lay the groundwork with bonds built for construction.

Also known as contract bonds, construction bonds are required for most public construction contracts and many private contracts. We write construction surety bonds for all four primary categories — bid, performance, payment, and maintenance — as well as subdivision and express bonds.

Limits are up to $50,000,000 single and $150,000,000 aggregate.

Construction bond categories

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Bid bonds

A bid bond guarantees that if a contractor’s bid is accepted, they will sign the contract and provide the required performance and payment bonds.

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Performance bonds

A performance bond ensures the contractor will complete the project in accordance with the contract terms and specifications.

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Payment bonds

A payment bond assures subcontractors, laborers, and material suppliers are paid appropriately for their work on the project.

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Maintenance bonds

Also known as warranty bonds, maintenance bonds protect against defects in workmanship or materials after project completion.

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Subdivision bonds

A subdivision bond guarantees developers or builders will complete the required infrastructure improvements — such as streets, sewers, and utilities — according to local regulations before surety steps in to cover completion costs if they default.

What we offer:

Site improvement
Right of way
Completion
Grading permit

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Completion bonds

A completion bond assures that an entire project will be finished according to its schedule, budget, and legal obligations. Unlike traditional construction bonds, which cover specific contracts, completion bonds apply to the project as a whole. In some cases, a project may require both a completion bond and separate construction bonds for individual phases or contractors.

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