Contract Bonds

Bid & Performance Bonds

We can help.

The Bond Agency writes Bid Bonds and Performance Bonds for contractors of all sizes, large and small. We have authority to issue bonds on contracts up to $1,000,000 which makes us very competitive for small contractors, start-up contractors, and contractors that may not qualify for the standard bond market. We have markets for premier contractors up to $700,000,000 per contract.

Simply complete the form above and we will contact you with a list of underwriting requirements.

Poor Credit?… We Can Help.

We can write bonds up to $2.5 million without a CPA financial statement.

For more information please visit our Net Worth Express below!

To begin the process simply complete our quick response form above,

or scroll down for more information on how to apply.

Existing Bid & Performance Customers:

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TYPICAL UNDERWRITING REQUIREMENTS

For small bonds, up to $400,000

If you have all the information to hand and are ready to start your application, use the form below.

If you have questions or are unsure about anything, use the quick apply form at the top of this page.

Additional information such as Business Financial Statements or Personal Financial Statements (PDF)

and a Work on Hand Report (PDF) may be required if aggregate bonding exceeds $400,000.

(We will let you know after we receive your application whether any additional documents like those above are required.)

WE MAKE BONDING FAST & EASY!

What is a Bid Bond?

A Bid Bond is given to a Government Agency or General Contractor, at the time of a bid which guarantees that if the Contractor (Principal) is awarded the contract the Principal will enter into the contract and post the required Performance and Payment Bonds. Bid bonds are typically required only as a percentage of the Principals bid, usually 10%.

What is a Performance Bond?

The Performance Bond follows the Bid Bond if the Contractor (Principal) is awarded a contract. The Performance Bond guarantees that the Contractor will complete the contract in accordance with the terms, conditions and specifications. The Performance Bond is required as a condition of being awarded the contract.

What is a Payment Bond?

A Payment Bond is usually issued along with the Performance Bond. The Payment Bond guarantees that material suppliers and sub-contractors will be paid. Though Payment Bonds are typically separate documents they are issued for no extra charge, when required.