CONTRACT SURETY
Contract Surety Bonds
Bonding solutions supporting contractors throughout bidding and project delivery.
What Is Contract Surety?
Contract surety bonds help assure an obligee that a contractor will meet specified contractual obligations, subject to the terms of the bond and underwriting approval.
Bid Bonds
Support a contractor's bid and generally provide assurance that the contractor will enter into the contract and furnish required final bonds if awarded.
Performance Bonds
Support the contractor's performance obligations under the bonded contract.
Payment Bonds
Support payment obligations to covered subcontractors, suppliers and labor as defined by the bond and applicable contract requirements.
Other Contract Bond Needs
- Maintenance Bonds
- Supply Bonds
- Subdivision/Site Improvement Bonds
- Advance Payment Bonds
- Retainage Bonds
How TBG Supports Contractors
TBG helps contractors understand requested bond requirements, prepare information, communicate with surety partners and navigate questions that arise during underwriting.
What to Prepare
- Company information
- Project information
- Bond requirement
- Contract/bid documents
- Financial information if requested
- Work history
- Current work program
- Additional underwriting documentation where required