Bonds for Contractors

United Financial Solutions provides Surety Bond for projects of every type and size. You can depend on fast, accurate delivery of these contractor bonds:

• Bid Bond
  Provides financial assurance that your bid has been submitted in good faith, that you will enter into the contract at the price bid and that you will provide the required performance and payment bonds.
  
• Performance Bond
  Protects the obligee (usually the owner or GC) from financial loss should you fail to perform the contract in accordance with the terms and conditions of the contract documents.
  
• Payment Bond
  Guarantees that you will pay certain subcontractors, as well as all of your bills for labor and materials associated with the project.
• Maintenance Bond
  Normally guarantees against defective workmanship or materials. However, maintenance bonds sometimes incorporate an obligation guaranteeing “efficient or successful operation” or other obligations of like intent and purpose.
• License and Permit Bond
  Primarily protects the general public and governmental bodies by reinforcing the laws, ordinances and regulations designed to protect public health and safety. It may also be used to guarantee the payment of taxes due to state or local governments.
• Wage and Fringe Benefit Union Bond
  Guarantees that employer contributions will be made to Welfare Funds and also includes maintenance of Union Wage Scale.
• Release or Discharge of Mechanic Lien Bond
  Used in situations where a subcontractor, or third party who has supplied labor or materials, has not been paid for work done on a property. If the unpaid party files a lien against the real estate for the amount owed, the owner of the property—whose liability is yet undetermined—may ask the GC to post a Mechanic Lien Bond and have the lien removed from his property. The bond guarantees payment of the amount eventually determined to be legally due the claimant, including Interest and Costs.
• Subdivision Bond
  Guarantees the construction of improvements such as streets, lighting, sidewalks, curbs, gutters, sewers and storm drainage systems. This type of bond is usually required by municipal or other government entities as a condition of the subdivision permit.