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Maintenance Bond

Maintenance Bond

A construction bond that guarantees the craftsmanship, upkeep, and protects the Obligee against defects after a project has been completed. If a maintenance bond is required, the obligation will typically be for one or two years upon completion of work (per the terms of the contract).

Contract bonds are underwritten on a project by project basis. The exact cost of your bond will be based off several factors:

  • Required bond amount
  • Approved Contract Terms
  • Contractor’s (the principal) experience & work history
  • Contractor’s credit score
  • Contractor’s financial statements (if requested)
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