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.
Your business, credit and the finished project. Often handled together with the performance bond.
As long as the warranty period in the contract, commonly one or two years after the owner accepts the work.
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.
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.
One application, reviewed by our surety partner Propeller. We show you the terms before you commit.