Performance & Payment Bonds
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.
New to surety bonds? We have the answers to all your questions.
More From Our Blog
Getting Paid on Federal Projects: How Subcontractors Can Obtain Payment Bond Information
For subcontractors and suppliers working on federal construction projects, one of the most frustrating hurdles to getting paid is not having access …
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Why Young Professionals Should Consider a Career in Surety
Surety is a specialized field that blends financial analysis, risk management and relationship-building to support a wide range of industries. …
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Behind the Scenes: Understanding the Claims Process
At Old Republic Surety, the claims process is more than just a procedural necessity. It’s a critical function that protects our company’s integrity, …
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Another surety might have said “no” to this project, but I give credit to Old Republic for believing in the contractor and in me as the agent. Darrel chose not to take the easy way out and give up on it. He trusted me, and that means a lot in this business.
