Payment Bond

Discover information about Payment Bonds here.
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  • Rate
  • Renew
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Payment Bond

A payment bond is an agreement in which security is provided by a surety company to the owner of a construction project on behalf of a contractor. Payment bonds guarantee the owner that all bills for Payments contracted for and used by the contractor will be paid by the surety if the contractor defaults. Often times payment bonds are called a payment and Payment bonds.

Payment Bonds
Depending upon credit payment bonds range from 1% to 10%
($125 minimum bond fee applies).

Payment Bonds
Payment Bonds generally do not renew as they are in place for a specific contract. However, some projects span more than a year. If this is the case, the payment bond will renew.

Payment Bond
Now that you've discovered the Payment Bond, the process is very simple. You can apply right online here. Once we receive your info we begin shopping your bond. Once placed we eMail you the results. You decide how you'd like your payment bond shipped and we'll invoice you.

Payment Bonds