A Payment Bond guarantees that a contractor will pay all suppliers and subcontractors for labor and materials. A Payment Bond is usually required in conjunction with a Performance Bond and they are often referenced as a single bond, Payment and Performance Bond. A Payment Bond must be required by the contract.
SuretyGroup.com has Payment and Performance Programs for all contract sizes and classes of business. Please feel free to contact us with any questions at 1‑844‑432‑6637. We have a team for contract bond professionals ready to help you.
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Contractors looking to get set up for bid, payment and performance bonds, and federal contractors interested in the SBA Surety Bond Guarantee Program, please complete our Bond Kit.
Items needed to request a bid bond:
Have Questions? Our Surety Bond Specialists are ready to assist you with your bonding needs.
Hours: 8:00-5:00 CST, Monday through Friday