A payment bond provides a guarantee that the contractor will pay the complete costs of labor, materials, and other services related to the project for which the contractor is responsible according to the construction contract. Learn more about "How the Cost of a Contract Bond Is Determined" from our Blog.
Old Republic Surety is not just another surety market, but is an essential part of our agency team. They apply common sense underwriting for both big and small contractors. We believe that relationships are the cornerstone of any successful business, and we pride ourselves in providing sound advice and unparalleled customer service. Old Republic Surety shares those same values.
Paffenbarger & Walden, LLC / Phoenix, AZ
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