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Payment Bond

Payment Bond

www.suretybondsdirect.com/surety-bond/payment-bond

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Who Requires the Payment Bond and Why Is It Needed?

A payment bond is a type of contract surety bond posted by contractors to ensure that subcontractors and suppliers involved in the project are paid according to agreed upon terms. Payment bonds are required on most federally funded contracts and are usually set at an amount equaling the full contract value. These bonds usually accompany performance bonds.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Payment Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.

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