Maintenance Bonds
Maintenance Bonds
A maintenance bond, sometimes also referred to as a warranty bond, guarantees the workmanship of a contractor for a given period of time after the project has been completed. Maintenance bonds guarantee against defective workmanship or defective materials.
Who can benefit from maintenance bonds?
Maintenance bonds are not usually required but can be requested by the owner of a construction project.
From the Blog: "How the Cost of a Contract Bond Is Determined"
Resources
Resources
FAQ: Contract Bonds
Video
Understanding Work in Progress Reports
Resources