Education Center

Contract bonds are commonly used in public, private, and construction projects to establish contractor credibility, and to financially compensate project owners if a contract falls into default. In… read more

A contract bond is a type of guarantee used in construction projects to help financially protect their owners. Contract bonds ensure that, should work go unfinished, financial loss be incurred, or… read more

Contract bonds guarantee that a contractor will carry out the work that a project owner expects them to, and that all their duties are fulfilled. They are commonly used in public construction projects… read more

Understanding contract bonds can be complicated, especially with all the financial, legal, and project-specific terms. Whether you’re a contractor, subcontractor, or project owner, knowing the… read more