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Contract bond

Mississippi Supply Bond

Mississippi's public bond law, Miss. Code § 31-5-51, covers performance and payment bonds on contracts for the construction, alteration or repair of public buildings and public works. It does not set a supply bond; when one is used, the buyer's bid or contract documents set it.

Bond at a glance
Mississippi Supply BondContract bond
Set by the contract
Public works bond lawMiss. Code § 31-5-51 (construction contracts; performance and payment bonds)
Set byThe buyer's bid or contract documents
Required byThe buyer or public purchasing agency
How it works

Three steps to your bond.

  1. 01Apply onceTell us about your business and what the bond is for. One application covers most contractor bonds.
  2. 02The surety reviews itPropeller Bonds, our surety partner, reviews your application and sets the terms. We show you the terms before you commit.
  3. 03Sign and fileSign the bond and file it with whoever requires it: the project owner, agency or court. We help with the filing.
About this bond

What a supply bond is

A supply bond guarantees a supplier will deliver materials or equipment as the contract says. Public agencies and project owners use them on large supply contracts.

In Mississippi

Mississippi's public bond law, Miss. Code § 31-5-51, covers performance and payment bonds on contracts for the construction, alteration or repair of public buildings and public works. It does not set a supply bond; when one is used, the buyer's bid or contract documents set it.

You need this bond if you're

  • A material supplier on a public contract
  • An equipment vendor or manufacturer
  • A distributor supplying a large private project

What the surety looks at

Your business, credit and the supply contract. Large contracts can need financial statements.

FAQs

Common questions.

Does Mississippi law require supply bonds?

Usually the contract or the buying agency sets it, not a statewide law. The bid or contract documents state the amount.

What does it cost?

You pay a premium, not the bond amount. The surety sets the premium after it reviews your application, usually as a percentage of the bond amount. We show you the terms before you commit.

How do I get one through BLDAssure?

Apply once with us. We collect the details the surety needs, Propeller Bonds (our surety partner) reviews the application and issues the bond, and we help you file it with whoever requires it.

Related bonds

Other Mississippi bonds.

See all 57 Mississippi bonds with prices →

Contract bond

Mississippi Bid Bond

A bid bond is a guarantee you submit with your bid.

Contract bond

Mississippi Performance & Payment Bond

Performance and payment bonds usually come as a pair once you win a job.

Contract bond

Mississippi Maintenance Bond

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.

Sources

  1. Mississippi Legislature: 2024 H.B. 1060 showing Miss. Code § 31-5-51 text

General information, not legal advice. Rules change; confirm the current requirement with the agency or owner that asks for the bond. Facts checked Oct 23, 2026.

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