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Final Bond

Information

Final Bonds (Performance Bonds)

Guarantee the project is completed as the contract defines

When a developer wants to protect the investment made in a project, the contractor that won the bid is required to provide a final bond sometimes refered to as a performance bond before work can begin. In short, this bond guarantees that a contractor will complete a project according to contract. If the contractor fails to do so, the developer can make a claim to keep from losing money. 

There are other issues to consider depending on your situation, so please make sure to Ask Clover

Who are final bonds for?

  • Developers
  • General Contractors
  • Subcontractors
  • Road Contractors
  • Sewer and Water main Contractors
  • Other Heavy Civil Contractors
  • Service Contractors (Waste Removal, Janitorial Firms, etc.)
  • Specialty Contractors
  • Manufacturers

If you have any questions Ask Clover .

What information you should have to Get Started

  • Quantity of your bid
  • Date of your bid
  • Your bond history
  • Company History
  • Personal Current Credit Score

You may also be required to submit your financial credentials when applying for your final bond.

Online Form

To save form progress on long forms and/or to return later click save button at bottom right.

Help Form

Ask our Staff for Help with Final Bond

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