CONTRACT SURETY BONDS
- Bid Bond
- guarantee that a contractor will enter into a contract if awarded the bid
- Payment and Performance Bond
- Payment Bond – guarantee that a contractor will pay for labor and materials
- Performance Bond – guarantee that a contractor will perform the work as specified
- Miscellaneous Contract Bond
- including but not limited to subdivision, supply, etc.
Note…Contractor License Bonds are not contract bonds. They fall under license and permit bond category.
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