Heart of the Home Dining

Surety bonds relieve the private project owners from risk of liens filed by unpaid subcontractors and suppliers. They also protect taxpayer dollars on public projects. In the absence of liens, the transition from construction to permanent financing is much smoother. When subcontractors and suppliers know they are protected by a payment bond, they may present lower quotes since they no longer have to absorb the risk of nonpayment. In summary surety bonds provide financial security and performance assurance to all the parties involved in the process.