What is a Contractor Surety Bond?

What is a Contractor Surety Bond?

Putting up a structure is usually a very expensive project to undertake. It’s for this reason, that as an investor, you have to seek protection against any loss when undertaking such a project. A contractor surety bond, therefore, is a type of construction bond that you use as a project owner to protect yourself against […]

Why Your Construction Company Needs a Performance Bond

Why Your Construction Company Needs a Performance Bond

A performance bond is a type of contractor bond. Contractor bonds (also known as construction or surety bonds) are bonds which must be paid by the contractor to a project’s investors before starting on a project. They are meant to reassure the project owners that the contractors can complete the project within the deadline and […]