Concessionaire Surety Bond

A Concessionaire Surety Bond is a non-construction contract bond required by certain obligees. A concessionaire is a person or firm that operates a business within the premises belonging to another, the grantor under a concession, usually as the seller of certain goods or services. A concessionaire typically pays the grantor of the concession a fee or a percentage of their earnings. The bond typically will guarantee these payments to the grantor.