Performance Bonds

A performance bond or contract performance bond is a guarantee that the contractor will perform their obligations under the contract and will perform the payment of labor and materials by the contractor to all subcontractors and material suppliers. A performance and Payment bond usually issued as one and is required after the contractor is awarded the bid on a project.

One of the setbacks associated with the current economy is the ability for contractors to obtain a performance bond in the first place. We apply our experience, knowledge, our relationships with our insurance companies and working with your team in order to secure approvals on higher risk applicants or bonds.