Surety Bonding - Facility Structure

Most performance related bonding requirements can be facilitated, including;

1. Contract performance bonds
2. Bid bonds
3. Advance payment bonds
4. Retention bonds
5. Off-site material bonds
6. Maintenance bonds (defects liability period)

Parties to a surety bonding arrangement are:

1. Contractor
2. Surety (Bond issuer), and
3. Obligee (Customer)

with the relationship working as shown in this diagram