877-654-2327 All New Surety Bonds

877-930-8127 - Renewals Department
Surety1 was Founded in 2003.  Low-Cost Bond Provider.  Over 150,000 Happy Customers and Counting!   Find Your Bond >

sub bonds

Bonding Subcontractors, Benefits, Pitfalls and Other Considerations

Bonding Subcontractors, Benefits, Pitfalls and Other Considerations

Often times subcontractors are required to provide performance and payment bonds to a general contractor.  The commonly referred to as “sub bonds”, this practice adds a layer of protection to the general contractor by providing some assurances that the sub contractor’s suppliers and sub contractors will be paid and that some financial assistance will be provided by the surety in the event the sub contractor needs …