J. B. Martin Insurance Agencies

A performance bond is a bond that reassures the owners of a project that everything will be done according to spec. This means that the contractor will be obligated to abide by all conditions set forth concerning the project.

One bond that helps you to get subcontractors and suppliers is a payment bond. In essence, this type of bond assures these providers that they will get paid even if something goes wrong and the project goes south.