CONTRACT BONDING
What contract surety is designed to do
Contract surety bonds support obligations tied to a construction contract. The surety reviews the contractor and the specific request before deciding whether to provide a bond. TBG helps contractors understand the requested bond, prepare information and respond to underwriting questions.
Common contract surety bonds
Bid Bonds
Support a contractor’s bid and commitment to enter the contract and provide required final bonds if awarded.
Performance Bonds
Support performance obligations under the bonded contract, subject to the bond terms.
Payment Bonds
Support covered payment obligations to subcontractors, suppliers and labor.
Supply Bonds
May support obligations involving the supply of materials or equipment.
Maintenance Bonds
May support specified maintenance or warranty obligations after completion.
Subdivision / Site Improvement
May be required for site, subdivision or public-improvement obligations.
Retainage Bonds
May support obligations related to release or substitution of contract retainage.
Advance Payment Bonds
May support obligations associated with an advance payment under a contract.
SBA Surety Bonds
Eligible small businesses may have access to SBA-supported surety pathways.
How TBG supports contractors
TBG starts with the actual bond requirement and contractor situation, then helps identify missing information, organize the submission and communicate with appropriate surety partners.
What may be requested
- Company and ownership information
- Project and contract documents
- Current work program and backlog
- Relevant work history and experience
- Financial information when required
- Other underwriting documentation specific to the request
Have a contract bond request?
Send the basics first. TBG will follow up for additional documents only as needed.