Contract surety bond or Construction surety bond is a broad category of surety bonding encompassing all types of bonds related to construction projects. They guarantee that a contractor or developer will fully complete the construction project for which they’ve bid according to specifications and will pay all laborers, subcontractors and suppliers.
Common contract surety bonds are listed below. Or see a list of all types of surety bonds.
• Bid Bonds
• Payment Bonds
• Performance Bonds
• Subdivision Bonds
• Supply Bonds
• Site Improvement Bonds