Construction bonds are not a form of insurance. A construction bond is a three-party agreement between a surety, principal and obligee.

Construction bonds, also known as contract bonds, represent a type of surety bond. They provide a financial guarantee that the bills on a construction project will be paid. The issuing insurance ...

What Is Bonding & Liability Insurance?. ... The SBA identifies four types of construction bonds. A bid bond guarantees that the contract can meet the requirements and complete the project.

Two major sureties are being sued after a subcontractor claims they failed to pay a six-figure balance on a federally bonded ...

Business; Business Services; Financing, Insurance & Leasing; The Importance of Surety Bonds for the Concrete Contractor. Many public and private projects require contractors to be bonded and licensed.

New Digital Bonding Service Offers Fast, Affordable, and Compliant Solutions for Professionals Across Dozens of Licensed Industries PLEASANT GROVE, UTAH - April 29, 2025 (NEWMEDIAWIRE) - Insurance ...

The College Construction Loan Insurance Association (CCLIA), also known as Connie Lee, was a government-sponsored enterprise that was privatized in 1997.

Construction bonds are insurance for projects in case the contractor does not complete it or fails to pay the subcontractors. Without these bonds, a company cannot bid on construction projects.

Construction bonds are not a form of insurance. A construction bond is a three-party agreement between a surety, principal and obligee.