Terms and Conditions of the Bond Guarantee Program:
Bonds must be for standard commercial construction projects. Subdivision, service contracts, design-build, efficiency guarantees, and job order contracts excluded. Warranty for workmanship must be two years or less; Jobs must be completed within 12 months; Principal must have No open bankruptcy, back child support, open tax liens, previous surety loss, or open judgments. Principal must complete the surety application and supply supplemental underwriting information to qualify. Some states excluded.