We are a surety only agency that thrives on creating an unbeatable client experience! Our industry leading bond volume allows us to create programs that can be tailored to each individual client, getting them their bond faster at the cheapest cost! Below are a few reasons our clients love to work with us:
A Supply Bond guarantees the contractor will supply any and all materials and supplies needed for a project based on a specific contract. The bond also guarantees that the correct materials, as well as the correct amount of materials, will be delivered as agreed upon in the contract.
Do you need to purchase a Supply Bond? Give our office a call today to get the process started.
The bond amount for a Supply Bond varies, so the cost to purchase the bond varies. Applicants can expect to pay a small percentage of the required bond amount, usually between 1-3%. The percentage rate will vary based on how well qualified the applicant is. Working in the bond industry for the past 25 years, Bonding Solutions has built many useful surety relationships and programs. Our relationships enable us to deliver our clients some of the lowest rates in the industry. For an instant quote, give one of our team members a call today.
Usually required by contract or by law, a Supply Bond is necessary to protect the person purchasing supplies from a supplier defaulting or not supplying materials as agreed upon.