Performance Bonds
Guarantee project completion with performance bonds that protect owners and demonstrate your reliability as a contractor.
What is a Performance Bond?
A performance bond protects the project owner against financial loss if you fail to perform according to the terms and conditions of the contract.
If you default on the contract, the surety company will either complete the project using another contractor or compensate the owner for their financial losses.
Performance bonds are typically required to be 100% of the contract amount and are mandatory on all federal projects over $150,000.
Bond Requirements
Performance Bond Benefits
Project Completion Guarantee
Ensures your project will be completed even if unforeseen circumstances arise
Financial Protection
Protects project owners from financial loss due to contractor default
Industry Standard
Required on all federal projects over $150,000 and many state projects
Key Benefits for Project Owners
Need a Performance Bond?
Get fast approvals for performance bonds with our expert guidance. We specialize in helping contractors secure bonds for all types of construction projects.