Fast Contractor License Renewal Surety Bond Secret Inside
Why Surety Bonds Matter
Surety bonds protect both the contractor and the client by ensuring that the contractor will perform the work as stipulated in the contract. For contractors, having a surety bond in place can lead to increased trust from clients and a competitive edge in bidding for projects. Additionally, surety bonds can help mitigate financial risks by providing compensation in cases where the contractor fails to meet contractual obligations1.