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Massachusetts Contract Surety Bonds

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Contracts are generally done through a solicitation procedure where an individual and/or company can bid on construction projects, services or goods. The process could include completion of a bid bond form, application to a vendor system, and other requirements. The links below provide more details to contract processes.

Massachusetts Contract Bonds are often required by local municipalities, counties, universities, federal agencies or private entities. The process generally begins with a bidding process, and if awarded the contract, a contract bond or payment and/or performance bond (such as a MassDot contract) may be required.

Typical Massachusetts Contract Surety Bonds:

  • Massachusetts 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 can issue the required performance and payment bonds.
  • Massachusetts Supply Bond: Guarantees that the company will supply materials or goods within a specific time as outlined in the contract.
  • Massachusetts Performance Bond: Guarantees the contractor will perform the duties set forth in the contract, including finishing the project on time, stays within budget and other terms within the contract.
  • Massachusetts Maintenance Bond: Guarantees materials workmanship for a certain period of time after a project is completed.
  • Massachusetts Proposal Guarantee Bond: Another term for Bid Bond.
  • Massachusetts Payment Bond: Guarantees that subcontractors, suppliers and laborers are paid.
  • Did You Know?

    The Small Business Administration has a Bond Guarantee Program to help small contractors bid on projects.

    Related Links:

    Small Business Association Bond Guarantee Program
    Massachusetts - Bid and Procurements
    Massachusetts Department of Transportation - Contractor/Vendor Information
    UMass Amherst - Construction Bids
    City of Boston's Bids & RFPs

    More Surety Bond Questions?

    Check out our FAQ page. Should you need or choose to buy a surety bond, 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.

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