Surety Bonds
What Is a Maintenance Bond for Contractors?
A maintenance bond (or warranty bond) guarantees your work against defects for a specified period after project completion — typically 1–2 years.
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What is a maintenance bond and when is it required?
Maintenance bonds are sometimes required as a condition of final payment on public projects. They guarantee that if defects in your work are discovered after project completion, you’ll remedy them during the warranty period.
Bond amount: typically 10–25% of the original contract value. Duration: 1–2 years after substantial completion is most common.
Maintenance bonds differ from performance bonds (which cover completion) in that they cover post-completion defects. They’re less common than performance/payment bonds but do appear on public projects and some private commercial work.
Need a surety bond fast?
Trade Safe helps contractors get bonded same-day in most cases. We work with multiple surety markets to find the best rate for your situation.