Contractor Bid & Performance Bonds
Bonds Express has several distinct bonding programs for contractors who need Bid Bonds, Performance Bonds, and Payment Bonds. If you do not have a contract lined up at the moment but wish to be considered for a Bonding Line for a future job, please do not hesitate to contact us!
Please note that Bid Bonds, Performance Bonds, and Payment Bonds are contract specific. If you are seeking a Contractor License or Permit Bond, do not fill out an application on this page. Please visit the State Page in which you are required to get a Contractor License or Permit Bond and look for the appropriate application.
PREFERRED CREDIT APPROVAL: If you have preferred personal credit (700 or higher) and have a bonding need that is less than $350,000 per job, fill out this short and easy application that requires NO FINANCIAL STATEMENTS! If you meet the contract size, length (less than 1 year), and credit requirements, you can have your Bid and Performance Bond approved in one business day or less in most cases.
GOOD CREDIT APPROVAL: If you have good personal credit (650 or higher) with good business credit (Paydex score of 65 or higher) and have a bonding need that is less than $300,000 per job, this short and easy application requires NO FINANCIAL STATEMENTS and may be the answer for your current bonding needs! If you meet the contract size, length (less than 6 months), and credit requirements, you can have your Bid and Performance Bond approved in two business days in most cases.
BAD CREDIT APPROVAL: If your credit is challenged and you need a Bid and Performance Bond Line...you are in luck! This program is specially designed for contractors with bad credit, a low net worth, or no prior bonding experience. This program has several other benefits like saving money on materials and guaranteed dispersal of draw funds within 72 hours of your request. This program is designed for contracts starting at $100,000 with a ceiling of $10 million for any one job. With this program, your approval is based upon your history as a contractor - not your credit score!
UPDATE JUNE, 2012: Bonds Express is proud to announce that the Bad Credit Bid and Performance Bonding Program has expanded and is now available in ALL STATES except Alaska and Wyoming!
SUPPLY AND SERVICES PERFORMANCE BOND: If your Bid and Performance needs do not fit within the scope of standard performance bond requests, such as service or supply contracts - then this program is for you. Our service and supply surety will consider performance bond requests for contracts up to $1,000,000 and multi-year jobs are considered as well with very competitve rates.
STANDARD CREDIT APPROVAL: If your Bid and Performance needs do not fit the requirements of our special bonding programs above, there is also a program available for Bid and Performance Bonds for almost any credit and is available for contract amounts up to 2 million dollars! Approval for this program is dependent upon several factors and typically requires more underwriting than our above programs because it is available to almost everyone. If your credit and financials are good, your Bid and Performance Bonds are available at excellent rates through this program.
- Contractor Bid & Performance Bonds - Service and Supply Program for all Credit Scores!
- Contractor Bid & Performance Bonds - Special Bad Credit Approval! Select States (100k-10 million)
- Contractor Bid & Performance Bonds - Special Program for Good Credit up to $300,000
- Contractor Bid & Performance Bonds - Special Program for Good Credit up to $350,000
- Contractor Bid & Performance Bonds - Standard Program for all Credit Scores in any Amount!