The Contractor Bond Experts

Need help? Call +1 (623) 343-FAST Email [email protected]

Bid, Performance & Payment Bonds: Get Approved & Start Building

Get competitive rates, fast approval, and expert support. We help contractors secure contract bonds to bid on projects, guarantee completion, and protect subcontractors and suppliers.

instant price

Get Bonded Fast, Bid with Confidence

Get Your Free Quote

Tell us about your project and bonding needs. Our experienced agents will evaluate your requirements and provide a competitive quote tailored to your business.

Complete Application

Submit your application and financial information. Our team processes quickly and communicates clearly throughout the approval process.

Receive Your Bond

Your approved bond is delivered ready to file. Start bidding on projects or fulfill contract requirements immediately.

START MY APPLICATION

What Are Bid, Performance & Payment Bonds?

Bid, performance, and payment bonds are contract surety bonds required for construction projects, especially public works contracts. These bonds protect project owners, subcontractors, and suppliers by guaranteeing contractors will honor their bids, complete projects as specified, and pay everyone involved.

Bid bonds ensure you'll accept the contract if your bid is selected. Performance bonds guarantee project completion according to contract terms. Payment bonds protect subcontractors and suppliers by guaranteeing they'll be paid for their work and materials.

Together, these three bonds form the foundation of bonding requirements for most commercial and government construction projects. Without them, you cannot bid on or secure many profitable contracts.

Who Needs Bid, Performance & Payment Bonds?

Bid, performance, and payment bonds are required for contractors working on:

Federal government construction projects (Miller Act requirement)
State and municipal public works projects (Little Miller Acts)
Commercial construction contracts
Highway and infrastructure projects
School and institutional building projects
Hospital and healthcare facility construction
Large private development projects
Design-build contracts

Bond requirements vary by project size, contract value, and jurisdiction. Federal projects over $150,000 require all three bonds. State and local requirements differ by location. Check your contract documents or contact the project owner to confirm specific bonding requirements.

How Much Do Bid, Performance & Payment Bonds Cost?

The cost of contract bonds typically ranges from 0.5% to 3% of the total contract amount annually, depending on your credit score, business financials, project size, and bonding history. Contractors with strong financials and good credit often pay 1% or less. Newer contractors or those with credit challenges may pay 2% to 3% or higher.

For example, a $500,000 project might cost $2,500 to $15,000 in bond premiums. Larger projects and established contractors typically receive better rates due to lower risk.

Ready to get your personalized quote?

Contact our bonding specialists for a free consultation. We'll review your project requirements, evaluate your qualifications, and provide competitive pricing from multiple surety carriers. Our team works to secure the best rates based on your business profile and project details.

INSTANT PRICE

Get Bonded in 3 Simple Steps

Apply Online Takes 2 Minutes

Get your instant bond quote in seconds. Enter your project details and see your rate immediately with no waiting for callbacks.

Fast Underwriting & Approval

Submit your application with financial documentation. Our underwriting team reviews quickly and works to secure approval so you can move forward with your project.

Bond Delivered & Ready to File

Once approved, your bond is issued and delivered electronically or by mail. File it with your project owner and start bidding or building.

START MY APPLICATION

Why Contractors Choose ContractorBonds.us

Licensed Nationwide

Our referral partners are licensed surety agents in all 50 states who understand local bonding requirements.

No Hidden Fees

Transparent pricing with no surprise charges. What you're quoted is what you pay.

Competitive Rates

We shop multiple carriers to find you the lowest premium based on your credit and experience.

Multi-Project Bonding Capacity

We help contractors establish bonding programs to pursue multiple contracts simultaneously and grow your business.

Fast Processing & Support

Streamlined underwriting process to get you approved quickly and minimize delays on your projects.

Expert Guidance

Our team helps you understand bond requirements, filing instructions, and state-specific regulations.

APPLY NOW

Explore More Contractor Bond Solutions

Bonding for Large-Scale Projects

Need to bond projects over $1 million? Our partners specialize in large commercial and public works contracts, providing the bonding capacity you need to compete for major construction opportunities.

Bid Bond Programs for Active Contractors

Bidding on multiple projects simultaneously? Establish a bid bond program that allows you to bid on several jobs at once without waiting for individual bond approvals each time.

Performance Bond Alternatives

Exploring alternatives to traditional performance bonds? We help contractors understand letter of credit options, payment and performance bond combinations, and other financial guarantees accepted by project owners.

Bonding for Subcontractors

Working as a subcontractor on bonded projects? We help subs secure payment and performance bonds when required by general contractors or project owners to participate in larger construction contracts.

APPLY NOW

Bid, Performance & Payment Bonds by Project Type

Click your project type below to learn about bond requirements, costs, and how to get approved for construction contract bonds.

Highway & Road Construction Bonds

Bridge & Infrastructure Bonds

Public Building Construction Bonds

Water & Sewer Project Bonds

Commercial Construction Bonds

School & Institutional Bonds

Heavy Civil & Earthwork Bonds

Federal Government Contract Bonds

Frequently Asked Questions About
Contract Bonds

Get answers to common questions about bid, performance, and payment bonds for construction projects.

Q: What's the difference between bid, performance, and payment bonds?

A: A bid bond guarantees you'll accept the contract if your bid is selected. A performance bond guarantees you'll complete the project according to contract terms. A payment bond guarantees you'll pay subcontractors and suppliers. These three bonds often work together on construction projects.

Q: How much do contract bonds cost?

A: Contract bonds typically cost 0.5% to 3% of the total contract amount annually. Contractors with strong financials and good credit often pay 1% or less. Rates depend on your credit, business experience, financial strength, project size, and bonding history.

Q: Do I need all three bonds for every project?

A: Not always. Bid bonds are required to submit a competitive bid. If you win the contract, you'll typically need both performance and payment bonds. Requirements vary by project owner and contract size. Federal projects over $150,000 require all three bonds.

Q: How long does it take to get approved for contract bonds?

A: Approval time varies based on your financial documentation and bonding history. Established contractors with complete financials can be approved in days. New contractors or complex projects may take 1-2 weeks for underwriting review.

Q: What financial information do I need to provide?

A: You'll need business financial statements, personal financial statements, bank references, work in progress schedules, resumes of key personnel, and project details. Established bonding relationships may require less documentation.

Q: Can I get bonded if I'm a new contractor with no bonding history?

A: Yes. New contractors can obtain bonds, but rates may be higher and bond amounts may be limited initially. Strong personal credit, industry experience, solid financials, and starting with smaller projects help establish your bonding capacity.

Q: What's the maximum bond amount I can get?

A: Your bonding capacity depends on your financial strength, experience, and track record. Most contractors can bond for 10 to 15 times their working capital. As you complete bonded projects successfully, your capacity typically increases.

Q: What happens if I don't complete the project?

A: If you default on a bonded project, the surety company investigates and may hire another contractor to complete the work or compensate the project owner. You are ultimately responsible for repaying the surety for any losses, fees, and completion costs.

Contractor Bonds Blog

Find Subcontractors Fast with LookingForSubs.com, Sponsored by ContractorBonds.us

ContractorBonds.us is proud to sponsor LookingForSubs.com, a free nationwide resource built to help general contractors find subcontractors and help subcontractors find more work. There is no purchase necessary to use the site. It is a simple way to suppo...

Instant Issue Contractor Bonds: Get Bonded in Minutes in 2026

Need a contractor bond fast? Instant issue bonds let you get licensed and start working the same day. Here's everything contractors need to know about getting bonded instantly in 2026.What Are Instant Issue Contractor Bonds?Instant issue contractor bonds ...

ContractorBonds.us Recognized on TheBestOfCleveland.com

We are proud to announce that ContractorBonds.us has been featured on TheBestOfCleveland.com, a platform dedicated to showcasing reputable businesses serving the Cleveland area. This recognition underscores our commitment to providing reliable and efficie...

Get in touch

Name

Phone

Message

How can we help?

Yes, I need a contractor bond, please contact me

Yes, send me info about free contractor websites

Yes, send me free contractor referrals

Yes, I'd like to schedule free marketing coaching

Yes, subscribe me to updates (unsubscribe anytime, no spam)

I accept the Terms of Service

Submit

Thank you! Your message has been sent.

Unable to send your message. Please fix errors then try again.