Surety Bonds

A surety bond is an agreement that ensures that a business or a contractor completes the job they were hired to do according to mutually agreed-up terms. This bond is usually requested by the obligee who is the project owner or client. Having this bond will help your business have a competitive advantage when bidding for projects. There are different types of surety bonds such as commercial surety and contract surety. A commercial surety bond is used to protect the public and ensure compliance with various codes and regulations. On the other hand, contract surety bonds are tailored specifically to construction projects.