Contractor Bonds (Construction Surety)
Contractor bonds are the backbone of the construction bonding market. Government projects (federal, state, and municipal) require performance and payment bonds on virtually all contracts over $150,000–$250,000. Many private owners and GCs require them too. If you're a contractor who wants to bid on larger projects, grow your capacity, or meet owner requirements, you need a surety relationship. Our agency connects contractors with surety companies and helps build your bonding capacity over time.
Coverages we place
- Contract performance bonds for construction projects
- Payment bonds guaranteeing subcontractor and supplier payment
- Bid bonds for government and private project bids
- Maintenance/warranty bonds for post-completion guarantees
- Subdivision and site improvement bonds
- Supply bonds for material delivery guarantees
- Bonding capacity programs for growing contractors
- SBA surety bond guarantee program access (for small contractors)
Who needs this coverage
General contractors, specialty subcontractors, electrical contractors, plumbing contractors, HVAC contractors, concrete contractors, road and bridge builders, and any construction business that bids on government or bonded private projects.
What drives your premium
- Contract value and bond amount
- Contractor's financial statements and working capital
- Personal credit of owners/principals
- Track record on similar projects
- Current work-in-progress and backlog
- Organizational structure and management experience
Common exclusions
- Bond claims are reimbursable — you pay the surety back
- Work outside the bonded contract
- Intentional non-performance
- Force majeure may limit bond obligations
Frequently asked questions
How do I get bonded as a contractor?
Submit your financial statements (preferably CPA-prepared), personal financial statement, work-in-progress schedule, and business resume. We submit to multiple sureties to find the best fit. New contractors can start with the SBA surety bond guarantee program, which requires less financial history.
What's the largest bond I can get?
Your bonding capacity depends on your working capital, equity, credit, and track record. New contractors might qualify for $100,000–$500,000 initially. Established contractors with strong financials can access $5M–$50M+ in single-project and aggregate bonding capacity.
How fast can I get a contractor bond?
Simple bid bonds can be issued same-day. Performance and payment bonds for standard projects take 1–5 business days once financial information is submitted. Complex or large projects may take longer for surety underwriting.
Related coverage
Get a free quote or call (321) 206-8035.