Bid Bonds, Bond Letters, Performance & Payment Bonds

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Who needs a Performance & Payment Bond?

A performance and payment bond is typically required by government agencies, private project owners, general contractors, and subcontractors involved in construction projects to ensure the fulfillment of obligations and payment to subcontractors, suppliers, and laborers.

Who needs a Bid Bond?

A bid bond is typically required by government agencies and project owners in construction projects to ensure that bidders submit serious and qualified bids while providing financial protection in case the selected bidder fails to enter into a contract or refuses to honor their bid. And guess what? It's completely FREE!

What is the cost of a Performance & Payment bond?

The cost of a Performance & Payment bond can vary depending on several factors. It typically falls within the range of 0.05% to 3% of the contract value. This cost is determined by evaluating the contractor's financial strength, accounting reporting status, and their history of successfully completing bonded projects. Click here to use our exclusive bond cost calculator.. 

  • Federal Construction Bonding Programs

    Did you know that, as per the Miller Act of 1935, bonding is mandatory for projects exceeding $30,000? Ensure compliance with federal bonding regulations for your firm, and be prepared to seize your next federal construction opportunity. Click here to get started or call us now.

  • State Construction Bonding Programs

    Did you know that each state in the United States has different Bid, Performance, and Payment bond thresholds as mandated by the Little Miller Act? Understanding the specific requirements in your state is crucial. Click here to find your state's requirements and contact us or apply here to ensure compliance with your state's bonding regulations. Don't miss out on your next state bonded project. Stay informed and secure your opportunities.

What Do You Qualify For?

Ready to take action and bring your dream bonding program to life? Let us show you how: Click here use our exclusive dream bonding program calculator.