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Contract/Construction Bonds

What is a Contract/Construction Bond?

Contract bonds (sometimes called construction bonds) are surety bonds required to guarantee that a contractor will abide by the specifications of a construction job or contract. The bond ensures to the project owner that the contractor will perform the work and pay specified subcontractors, laborers and material suppliers. Surety Bonds Direct is a leading provider of contract bonds nationwide. To learn more about our easy application process, please select the specific type of contract bond needed from the following, or if you are new to contract bonds, see A Beginner's Guide to Contract Bonds to get your bearings:

If the bond is required not for a job but for a license, registration or permit issued by a city, state, county or other local government entity, you may need a Contractor License Bond.

How much does a Contract Bond Cost?

Contract Bond prices vary based on the bond amount and the applicant. Most contact bonds are priced at 2-3% of the bond amount. Request a free, no-obligation quote and one of our bond specialists will look at your specific circumstances.

The party requiring the bond should have specified the bond amount. If not, the bond amount is likely the same as the total contract amount. If you are requesting a bid bond, the bond amount is often only 5-10% of the contract value.

If you'd prefer to speak with one of our bond specialists, please call us at 1-800-608-9950. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

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