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Maine Contract Surety Bonds

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Contracts are generally done through a solicitation procedure where companies and individuals can bid on services, construction projects or goods. The process could include completion of a bid bond form, application to a vendor system, and other requirements. The links below provide helpful information to contract processes.

Maine Contract Bonds are often required by federal agencies, local municipalities, counties, universities or private entities. The process generally begins with a bid letting process, and if a contractor is awarded the contract he bid on, then a contract bond or payment and/or performance bond (such as for an MaineDOT contract) may be required.

Contract Bond Types:

  1. Maine Bid Bond: Ensures that the surety prequalifies the contractor bidding on the project. The bond confirms that if the contractor is the low bidder, the surety will issue the performance and payment bonds. SuretyGroup.com offers no cost bid bonds in most cases.
  2. Maine Supply Bond: A guarantee that the company will supply materials and goods within a specific time as outlined in the contract.
  3. Maine Performance Bond: A guarantee that the contractor will perform duties listed in the contract, including finishing the project on time, staying within budget and other terms within the contract.
  4. Maine Proposal Guarantee Bond: Another term for Bid Bond and includes the same aspects.
  5. Maine Payment Bond: A guarantee that subcontractors, suppliers and laborers are paid.
  6. Maine Maintenance Bond: A guarantee of material workmanship for a certain period of time after a project is completed.

Did You Know?

The Small Business Administration has a Bond Guarantee Program assists small business contractors bid on projects

Related Links:

Small Business Association Bond Guarantee Program
State of Maine - Vendors & Bid Opportunities
Maine - Current Bid Opportunities

How Much Will This Bond Cost?

The premium that you pay for a Maine contract surety bond will vary and is dependent on business and personal financials, scope of work, the amount of the project and other conditions.

More Surety Bond Questions?

Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.


For a downloadable application