Payment Bonds
How is the cost of a bond determined?
Some contract surety bond costs are related to a contractor’s qualifications, while others are based on the scope of work or the classification of construction work that is being completed. The contract price is also a factor. Learn more about how the cost of a bond is determined from our Blog.
New to contract bonds? We have the answers to all your questions.
More from our blog:
Building at the Edge of the Earth and Beyond
Spotlight onGunderson Marine & Iron, responsible for the floating barge pier project at McMurdo Station, Antarctica.
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A Major Infrastructure Upgrade for Antarctica — Backed by Surety
Antarctica is one of the most remote and isolated places on Earth. As the coldest and windiest continent on the planet according to the United States …
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Advice From a Surety Underwriter to the Owner of a Start-Up Construction Company
Early in my underwriting career, it wasn’t unusual to meet a company owner who had recently climbed down from a ladder or the seat of a bulldozer to …
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Old Republic Surety is not just another surety market, but is an essential part of our agency team. They apply common sense underwriting for both big and small contractors. We believe that relationships are the cornerstone of any successful business, and we pride ourselves in providing sound advice and unparalleled customer service. Old Republic Surety shares those same values.
