Contract Bonds Explained: Bid, Performance, and Payment

Contract bonds are a must for many contractors, especially in public works. They come in three types:

Bid Bond – Shows you’re serious and financially capable of doing the work

Performance Bond – Guarantees you’ll finish the project as agreed

Payment Bond – Ensures subcontractors and suppliers get paid
Together, they protect project owners and keep everyone honest. If you’re bidding on jobs or working with government contracts, contract bonds are likely a requirement. The Bond Babes will help you secure what you need—fast, affordable, and with total confidence.