Fast Contractor License Renewal Surety Bond Secret Inside
Contractor surety bonds come in various forms, each tailored to specific needs and requirements:
- Performance Bonds: These ensure that the contractor will complete the project as per the agreed terms and conditions.
- Payment Bonds: These guarantee that subcontractors and suppliers will be paid for their contributions to the project.
- Bid Bonds: These provide assurance that the contractor will enter into a contract if awarded the bid and will furnish the required performance and payment bonds.