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  • BOND INSURANCE

Contractors Bonds

A type of surety bond used by investors in construction projects to protect against an adverse event that causes disruptions, failure to complete the project due to insolvency of the builder(s), or the job’s failure to meet contract specifications.
There are generally three parties involved in a construction bond – the party or parties building the project, the investor/eventual owners, and the surety company that backs the bond.

May also be called a “construction surety bond” or a “contract bond”.