Surety Bonding

Contract Surety

 
 

There are two main categories of surety bond issuance: Contract Surety and Commercial Surety. Unlike Commercial bonds that have no contracting guarantees associated to them, Contract or Surety bonds, used heavily in the construction industry, are a guarantee from a Surety to a project's owner (Obligee) that a general contractor (Principal) will adhere to the provisions of a contract, or to the stated "obligation."