If you’re a contractor and your next job requires you to secure a contract bond, whether it’s a bid bond, performance bond, payment bond and/or maintenance bond, now is the time to contact Nationwide to get pre-qualified.
In general, contract bonds are used to guarantee that a contractor will perform according to the specifications of a construction contract. A contract surety bond provides the financial security and construction assurance by assuring a project owner that a contractor will perform the work and pay specified subcontractors, laborers and material suppliers.