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 >

subcontractor performance bonds

Bonding Back Subcontractors to Protect GC’s Business

Bonding Back Subcontractors to Protect GC’s Business

When a subcontractor is required by a prime (general) contractor to provide performance and payment bonds, it is commonly referred to as ‘Bonding back’. The prime contractor is the party with the contract with the owner, and responsible for the completion of the work, including its subcontractors.  To mitigate risk, a prime will require the subcontractors to bond back to them, even though they …

 

Bond Back Subs – What does it Mean?

Bond Back Subs – What does it Mean?

Bond back subs over $250k.  A phrase like this is quite common in the surety world but many General Contractors do not understand what it means or why it is used by surety companies as a condition o for approval of a performance bond.
Bonding back is defined as a General Contractor requiring certain subcontractors to post a sub contractor …