Contract Surety Bonds

Contract Surety Bonds from Prosure Group

By: Prosure Group  04/18/2016
Keywords: Performance Bonds, Construction Bonds, Fidelity Bonds

Contract surety bonds can be a critical component in your ability to obtain work. Whether you specialize in general construction, highway construction, heavy civil projects, or trade and specialty sectors of all sizes, we have the ability to craft a surety program to meet your needs today and tomorrow. Contractors many times are required by the owner or obligee to provide a contract surety bond – also known as a payment and performance bond or a construction bond – which acts as a guarantee that they abide by the terms of the contract while also guaranteeing that they pay all related subcontractors and suppliers that otherwise may have the ability to lien the project. Suretyship is a specialized guarantee established between three parties – a principal (contractor), obligee (owner or general contractor) and the surety. For over 20 years, The ProSure Group has been a key team member with its clients by providing expert counsel and knowledgeable assistance in the specialized area of surety bonding. Furthermore, our easy application process, quick turnaround times, competitive rates and strong communication with our customers set us apart from the competition and establish us as a leading source for all kinds of surety bonds. Working with major bonding companies as well as specialty sureties, we are able to ensure the most favorable programs and the highest possible level of confidentiality and convenience.

Keywords: bid bonds, Construction Bonds, Court Bonds, Fidelity Bonds, Payment Bonds, Performance Bonds

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They may cover obligations under a license; an obligation to perform certain duties; an obligation to remit monies; an obligation to pay certain taxes, etc.The ProSure Group handles all kinds of these bond types. Suretyship is a specialized guarantee provided by surety or insurance companies that is created whenever one party guarantees the performance of an obligation by another party.