A bid bond backs your bid, a performance bond backs your completion of the work, and a payment bond backs payment to subs and suppliers.
Related FAQs
No. Fidelity is crime coverage for employee theft, which we handle separately.
No. It guarantees your obligation to the obligee. If the surety pays a claim, you are expected to repay it.
Licensed contractors generally need a contractor license bond filed with the CSLB. The state sets the required amount, which can change.
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