Payment Bonds
Protect your subcontractors and suppliers with payment bonds that guarantee timely payment for work performed and materials supplied.
What is a Payment Bond?
A payment bond guarantees that you will pay your subcontractors, laborers, and material suppliers involved in the project according to the contract terms.
If you fail to pay these parties, they can make claims against the payment bond instead of filing liens against the property, protecting the project owner from potential legal complications.
Payment bonds are required on all federal projects over $150,000 under the Miller Act and many state and local projects have similar requirements.
Bond Coverage
Payment Bond Benefits
Subcontractor Protection
Guarantees payment to subcontractors, laborers, and material suppliers
Lien Prevention
Prevents subcontractors from filing liens against the property
Federal Requirement
Mandatory on all federal projects over $150,000 under Miller Act
Who is Protected by Payment Bonds?
Need a Payment Bond?
Secure payment bonds to protect your subcontractors and suppliers. We offer competitive rates and fast approvals for all types of construction projects.