Construction bonds play a vital role in any construction project. These bonds guarantee that almost all privately funded projects witness a smooth transition from construction financing to permanent financing. They also provide support to the contractor as well as ensure project completion. On public projects, surety bonds support pre-qualification of contractors, payment protection for subcontractors and contract completion protection for the public.
Construction bonds play a vital role in any construction project. These bonds guarantee that almost all privately funded projects witness a smooth transition from construction financing to permanent financing. They also provide support to the contractor as well as ensure project completion. On public projects, surety bonds support pre-qualification of contractors, payment protection for subcontractors and contract completion protection for the public.
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United States
