Surety Bonds Protect Taxpayers & Subs For Public Projects


Did you know that subcontractors, material suppliers and laborers working on a public project cannot place a lien on such projects? That’s why performance and payment surety bonds are so crucial. A bond is also a sort of imprimatur for use of a contractor since the surety thoroughly investigates the reliability of the parties it backs and gives its quality stamp to the contractor by way of a financial guarantee the contractor will perform as agreed.