Swiftbonds - Insurance

Contact Info

4901 W 136th St #250,USA
Leawood, Kansas 66224Phone: 913.214.8344
Fax: 866.594.2771

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About Swiftbonds

Surety Bond Types – Performance, Bid and Contract

This page is all about the different types of bonds. This includes Performance, Bid and other Contract Surety Bonds.
So, what exactly does it mean to be a bond? For example, what is a surety bond? Well, a surety bond provides assurance that a contract will be completed in the event that a contractor defaults on the contract. The project owner (also known as the obligee) definitely wants the project to be completed. He hopes that the contractor (known as the principal) does the job. But if the principal doesn’t, then the project owner will look to the guarantor (the surety company) to finish the contract.

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