CALL US TODAY
800-469-6604
400A Franklin St. Braintree, MA 02184


Contract Bonds

(Performance and Labor & Material Bonds)

Used heavily in the construction industry. The Bond is a guarantee from a Surety, to a projects owner (Obligee) that a General Contractor (Principal) will adhere to the provisions of the contract. Several different categories of contract bonds include;

  • Bid Bond: Guarantee that the contractor will enter into a contract if awarded the bid.
  • Performance Bond: Guarantee that a contractor will perform the work as specified by the contract.
  • Payment Bond: Guarantee that the contractor will pay for services (labor) and materials.
  • Maintenance Bond: Guarantee that a contractor will provide facility repair and upkeep for a specified period of time.
© Twinbrook Insurance Brokerage, Inc. All rights reserved.
Powered By DreamingCode