Industries

Surety Bonds for the Construction Industry

Protecting your project’s contracts

Construction projects can be complex, often requiring dozens of contractors and vendors to complete them. Construction companies expect a guarantee for the completion of each contractor’s obligations and in some cases may require a surety bond for added financial protection.

The three main surety bonds frequently used in the construction industry are:

  • Bid Bonds
  • Performance Bonds
  • Payment Bonds

Each of these bonds establishes a legal obligation between contractors, owners, and the surety which can be challenging to understand.

What sets us apart?

At Risk Strategies, our surety experts have extensive experience helping construction companies, including general contractors, subcontractors, suppliers, and developers, with key surety-related risks and liabilities, including:

  • Access to sufficient surety credit to bid and perform work
  • Project unknowns such as contracts, permits, people, equipment, weather, local codes, and geological quirks
  • Excessive corporate and personal risk prohibiting bond procurement
  • Effectively managing subcontractor risks
  • The complexity of the surety bond marketplace

We’ll collaborate with our surety partners to maximize your surety credit and plan for the unknown. In addition, we will help decrease your risk by better understanding the surety relationship, anticipating needs, and offering programs with market-competitive terms and conditions.

Explore

Industry Experts

Brian Whipple

National Surety Practice Leader

Will W. Burke
Managing Director
[{id=82365148985, createdAt=1660843134489, updatedAt=1730483252959, 1='{type=string, value=State of the Market}', 3='{type=string, value=/state-of-the-insurance-market-report-2025-initial-outlook-2024-wrap-up}', 4='{type=string, value=Read}', 5='{type=image, value=Image{width=304,height=199,url='https://20256628.fs1.hubspotusercontent-na1.net/hubfs/20256628/2024-SOTM-Thumbnail-for-Resources-HubDB.jpg',altText='State of the Insurance Market Report',fileId=180501708189}}', 7='{type=list, value=[{id=7, name='Report', order=5, label='Report'}]}', 8='{type=number, value=0}', 11='{type=string, value=We invite you to explore our 2025 Initial Outlook and 2024 Wrap-Up,}', 13='{type=string, value=Explorer our State of the Market Report}'}, {id=82365148948, createdAt=1660842380525, updatedAt=1723226397233, 1='{type=string, value=Annual Report}', 3='{type=string, value=/annual-report}', 4='{type=string, value=View}', 5='{type=image, value=Image{width=304,height=199,url='https://20256628.fs1.hubspotusercontent-na1.net/hubfs/20256628/2023-Annual-Report-Cover-Page-Thumbnail-304-199-Fill.jpg',altText='2023 Annual Report Cover Page Thumbnail',fileId=175321938771}}', 7='{type=list, value=[{id=7, name='Report', order=5, label='Report'}]}', 8='{type=number, value=1}', 13='{type=string, value=Download our Annual Report}'}, {id=91331360891, createdAt=1668182921615, updatedAt=1673977624021, 1='{type=string, value=Construction Brochure}', 3='{type=string, value=https://20256628.fs1.hubspotusercontent-na1.net/hubfs/20256628/Sell%20Sheets/CategorySell-Sheet_Construction.pdf}', 4='{type=string, value=Download}', 5='{type=image, value=Image{width=699,height=905,url='https://20256628.fs1.hubspotusercontent-na1.net/hubfs/20256628/Construction-Brochure-Thumbnail.jpg',altText='',fileId=null}}', 6='{type=list, value=[{id=5, name='Construction Liability', order=5, label='Construction Liability'}]}', 7='{type=list, value=[{id=6, name='Brochures', order=4, label='Brochures'}]}', 8='{type=number, value=1}', 13='{type=string, value=Download our Construction Brochure}'}]
specify
[{id=187918185375, createdAt=1743000928060, updatedAt=1743005600094, 1='{type=string, value=Sample California Bond}', 2='{type=string, value=Varies}', 3='{type=string, value=#}', 4='{type=string, value=Learn more}', 5='{type=option, value={id=1, name='california', order=0, label='California'}}', 6='{type=string, value=Subject to Underwriting}', 7='{type=string, value=

Required by the TTB for alcohol-related businesses with annual excise taxes exceeding $50,000.

}'}, {id=187921817602, createdAt=1743001070202, updatedAt=1743005590594, 1='{type=string, value=Sample Arkansas Bond}', 2='{type=string, value=Varies}', 3='{type=string, value=#}', 4='{type=string, value=Learn more...}', 5='{type=option, value={id=2, name='arkansas', order=1, label='Arkansas'}}', 6='{type=string, value=Subject to Underwriting}', 7='{type=string, value=

Required by the TTB for alcohol-related businesses with annual excise taxes exceeding $50,000.

}'}, {id=187918692102, createdAt=1743004969903, updatedAt=1743005596878, 1='{type=string, value=Sample California Bond 2}', 2='{type=string, value=X}', 5='{type=option, value={id=1, name='california', order=0, label='California'}}', 6='{type=string, value=Lorem ipsum}', 7='{type=string, value=Description goes here and here}'}]

Resources

Partner With Us