Construction bonds are vital tools in the construction industry. A construction bond is an instrument arising out of suretyship law. A project owner may require a contractor to obtain one or more ...

Bid bonds ensure project completion by guaranteeing funds and screening potential bidders. A bid bond transitions to a performance bond if the bidder wins, securing work quality. The Miller Act ...

Construction bonds ensure project completion and quality, protecting owners if a contractor fails. Contractors must provide financials and project details to secure bonds. Multiple bond types cover ...