Commercial Surety Bonds are generally required by state laws and statutes and guarantee performance and duties. It’s another form of insurance and Foster & Associates works with you to find the right commercial bond company for your business.
Types of commercial bonds we provide:
Construction Contract Bonds provide financial and performance assurance that construction projects will be completed on time, within budget and in accordance with plans, specifications and contract terms. These bonds also guarantee that subcontractors, laborers and material suppliers will be paid leaving a construction project free of liens.
Foster & Associates writes Contract bonds of many types: bid, performance, payment/supply, subdivision and maintenance.
Commercial Bonds refer to all bonds other than Construction Contract Bonds. Commercial Bonds cover obligations typically required by law and guarantee adherence to applicable codes, statutes, court orders and regulations. Each bond is unique to the circumstances of a specific project.
Foster & Associates writes multiple types of Commercial Bonds including court, judicial, license/permit and miscellaneous bonds.