Maintenance Bonds

A maintenance bond, sometimes also referred to as a warranty bond, guarantees the workmanship of a contractor for a given period of time after the project has been completed. Maintenance bonds guarantee against defective workmanship or defective materials.

Who can benefit from maintenance bonds?

Maintenance bonds are not usually required but can be requested by the owner of a construction project.

How is the cost of a bond determined?

Some contract surety bond costs are related to a contractor’s qualifications, while others are based on the scope of work or the classification of construction work that is being completed. The contract price is also a factor. Learn more about how the cost of a bond is determined from our Blog.

Maintenance Bonds