Contract/Construction Bond Information
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:
- Bid Bond
- Performance Bond
- Payment Bond
- Supply Bond
- Maintenance Bond
- Subdivision Bond
- Site Improvement Bond
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.
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.