Most public projects and many large private ones require a performance bond before you can start. It's the surety's promise to the owner that the job gets done even if something goes wrong on your end.
Premium is a percentage of contract value, and larger contracts earn lower blended rates. Example tiered pricing: 2.5% on the first $100K, 1.5% on the next $400K, 1% on the next $2M — so a $2.5M contract blends to about 1.14% (~$28,500). A $1M bond commonly runs $10,000–$30,000 depending on your financial strength.
Capital (working capital and net worth vs. bonded exposure), Capacity (experience completing similar-size jobs), and Character (credit and reputation). We help you assemble a clean package so this goes smoothly — and if you're newer or rebuilding credit, our SBA-backed program can get you bonded anyway.
Almost any contractor bidding public work — federal, state, county, municipal, school district, or DOT — needs one, and many private owners and lenders require them on larger projects too. If your contract documents mention "performance and payment bonds," that is your cue to call us.
For most contract bonds we ask for business and personal financial statements, a work-in-progress schedule, a list of your largest completed projects, and the contract or bid you are bonding. Stronger financials and a solid track record earn lower rates and higher capacity — and if you are newer, the SBA program bridges the gap.