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CONTRACTOR CONSTRUCTION BONDS
Contract bonds (also known as construction bonds) are part of the day-to-day business for most contractors. These surety bonds help to ensure a job well done by the contractor and peace of mind for the project owner.
Contractor Construction Bonds are generally required to bid for jobs or contracts, and make certain that:
- Contractors will abide by the specifications of a construction job or contract
- Contractors will pay any hired subcontractors, laborers and material suppliers
- Guarantees project completion that satisfies the contract requirements