The Surety Place - Your Performance Bond Specialists

The Surety Place team can get you the performance bond needed to win bigger bids and grow your business. All of your contract bond needs can be cared for with one team who has your best interests at the forefront of our business model. We know the surety industry, we can say yes when other sureties turn you away. Any state, any bond, we are the team to call.

Understanding Performance Bonds

What Is A Performance & Payment Bond?

A Performance & Payment Bond is a financial guarantee that is often required and attached to a contract. It guarantees the fulfillment and completion of a project according to the scope and details found in the original contract. Municipalities often require these bonds in an effort to guarantee the completion of the contract and ensure that the owner does not face financial responsibility if the contractor fails to complete the job.

Why Do You Need A Performance Bond?

If you are a contractor starting a job, you are often required to provide this type of contract bond. Typically a Performance Bond is accompanied with a Payment Bond. These are among some of the most common construction-related bonds. So what is a performance bond? The Performance Bond specifically guarantees that the contractor will fully perform the necessary obligations to satisfy the contract.

Why Do You Need A Payment Bond?

Performance and Payment Bonds are one of the most common construction bonding requirements in the industry. So what is a Payment Bond? A Payment Bonds specifically guarantee that the contractor will fulfill the necessary payments for the appropriate materials and subcontractors as outlined within the contract. Performance and Payment bonds are typically purchased during the contract negotiations.

What Is The Cost Of These Bonds?

Performance and payment bonds vary in price depending on the amount the contractor bid on for the overall project. The premium, the amount in which the contractor is required to pay, is a small portion of the entire bond cost. A premium ranges in price depending on a few different factors. The contractor's personal credit, bond history, financial stability, and business history can all play a role in the premium amount.

Request Your Performance Bond Today

Tell Us About Your Project

Let us learn more about your job and how can we help you with the performance bonding process.

We’ll need to know just three questions to get your bond started. These questions give our underwriters more guidance and a specific approach to take for fast and efficient underwriting on your particular bond.

For example, if your contract bid is $400,000 then this requires minimal unwitting requirements with faster turnaround times. When your contracts bid as high as 1M or more, this necessitates more underwriting requirements and in turn a little longer turnaround time.

Here at The Surety Place we offer multiple programs that can fit your needs in conjunction of the scope of your work. Part of our legendary customer service means being able to handle your requests right away.

Connect With A Surety Agent

Over 50 Years of Combined Surety Experience

Our dedicated account managers are highly trained underwriters who provide our agents and clients a tailored bonding solution for their individual or corporate needs. In today’s marketplace, surety access can be limited; but with Surety Place as your partner, you’ll find the white-glove service you have been looking for.

National Surety With A Local Feel

No matter the size of the bond or how complicated, Surety Place is built to find an answer. Poor credit, financial hardship, fast growth, or just getting your company off the ground? We have options for you too.

We understand business. We also understand how difficult it can be when something that seems like such a small piece of the puzzle gets in the way of closing the deal or moving forward. We take that pressure off your mind so YOU can get back to work.

Request Your Performance Bond TODAY