What a maintenance bond is
A maintenance bond, also called a warranty bond, guarantees your finished work is free of defects in materials and workmanship for a set period, often one or two years. Sometimes it's built into the performance bond; sometimes the owner wants it separately.
In Georgia
No Georgia statute sets a general maintenance bond for construction contracts; on public works, the owner's contract sets it. Cities and counties require maintenance bonds on subdivision improvements they will take over. For example, Marietta requires a 12-month maintenance bond of 10% of the improvement cost at final plat.
- The period and percentage vary by city and county.
You need this bond if you're
- A contractor finishing public works with a warranty period
- A site contractor handing improvements over to a city or county
- Paving, concrete, roofing and landscaping contractors
- A developer whose subdivision bond is being released
What the surety looks at
Your business, credit and the finished project. Often handled together with the performance bond.