Bid Bonds & Performance Bonds
Secure Your Contracts and Bid with Confidence.
Don't let bonding requirements hold your business back. Let our experts guide you through the process and help you secure your next big win.
What are Surety Bonds?
A Surety Bond is a three-party agreement that provides a financial guarantee to the project owner (the government or agency) that you will perform the work as promised and pay your subcontractors.
Bid Bonds
A Bid Bond is required during the tender submission process. It guarantees that if you are awarded the contract, you will accept it and provide the required performance bonds.
Why you need it: Without a Bid Bond, your bid will likely be rejected immediately by government agencies.
Performance Bonds
Once a contract is awarded, a Performance Bond is required to protect the project owner from financial loss if the contractor fails to complete the project according to the specifications.
Why you need it: It ensures the government that the project will be finished, even if the contractor faces difficulties.
Why Does Your Business Need These Bonds?
Mandatory Requirement
Almost all US federal and state construction contracts (and many service contracts) require these bonds by law (Miller Act).
Increases Credibility
Carrying a bond proves that a surety company has vetted your business and trusts your financial stability.
Access to Bigger Projects
Bonds allow you to move from small "purchase orders" to multimillion dollar long-term contracts.
Protects the Client
It gives the government peace of mind that their taxpayers' money is safe.
Our Bonding Support Services
We simplify the bonding process for new and growing businesses:
Bonding Consultation
We help you understand the specific bond requirements of a particular bid or RFP (Request for Proposal).
Surety Matching
We connect you with top rated US surety companies that work with small and emerging contractors.
Fast Processing
We help you gather the necessary financial and business documents to get your bond approved quickly.
Compliance Review
We ensure your bond meets the exact dollar amount and terms required by the government portal.
Frequently Asked Questions (FAQs)
It can be challenging, but we specialize in helping small businesses build their "bonding capacity" by starting with smaller projects and growing from there.
Usually, the cost (premium) is a small percentage of the total contract value (typically 1% to 3%), depending on your credit and business history.
Only if the solicitation (bid document) specifically asks for one. Most small purchase bids do not require them, but larger construction and service contracts always do.