Performance Bonds Insurance, explained.
Guarantees the project gets finished per the contract — often required on bigger jobs.
Performance Bonds
A performance bond guarantees that you will complete the project according to the contract’s terms. If you fail to perform, the surety steps in to complete the work or pay the obligee’s damages.
On large projects — public works especially — performance bonds are mandatory. They protect owners and lenders, and they signal that a surety has vetted you and your business.
Is this for you?
Inside a Performance Bonds policy.
When this coverage pays off.
Public schools project
A school district requires a performance bond. We secure capacity and issue at award.
Federal contract
Miller Act bonds for federal projects ($100K+). We work with sureties experienced in federal work.
Major private build
A large owner requires bonds even on private work. We arrange the program.
Plain-language answers.
Typically a percentage of contract value (often 1–3%), based on the contractor’s financial picture and history.
By the surety — based on financials, work-in-progress, experience, and references. We help build it.
CPA-prepared statements, organized WIP schedules, and a relationship with the surety underwriter are the levers. We help you put them in place.
Ready for a Performance Bonds quote?
Fill the short intake form and we’ll shop across multiple carriers, or call us and we’ll get you a quote on the phone.