Payment and Performance Bond
Contractor Surety Bonds
Price: Depends on application
- A payment bond covers payment of subcontractors, laborers and materials suppliers associated with the project. Payment bonds are issued for the protection of those supplying labor or materials to a particular bonded project. A performance bond guarantees performance of the terms of a contract.These bonds frequently incorporate payment bonds (labor and materials) and maintenance bonds. Bonding ultimately aims to protect the project owner from financial loss should the contractor fail to perform the contract in accordance with its terms and conditions. A payment and performance bond can be purchased together at the same time at a discounted premium.
To purchase your Georgia Payment and Performance Bond simply click on the "Buy Now" button. You will then be guided through a brief set of questions. After which you'll pay online and sign using DocuSign. Your new surety bond will be signed and sealed as a full-color PDF document for printing.
Securing a Georgia Payment and Performance Bond surety bond is a commitment by principals to adhere to the stipulations of contractual and legal obligations.
Note: If the bond requires underwriting, it may take up to 24 hours.
