Payment Bonds

Bidding for projects, or need a bond to start one? We've got you covered for any bid, performance & payment bonds you need.

Rapid turn around - we do same day bid bonds
Licensed nationwide - we support your projects anywhere
Over four decades of surety experience at your service

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Why contractors trust us with their bonds

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We bought multiple Performance and Payment Bonds from SuretyNow. They were fast and provided what we requested.

Thureen Khan

Solar2SK

Always quick to respond, and pricing is great - usually beat our previous bond providers annual pricing by 20% or more. We appreciate their quick service, responsive team and value!

Mindy Dees

Steadily

Bruce worked with on a $155K Performance and Payment bond to get me the absolute lowest price on the market. I couldn’t be happier with Bruce’s professionalism, courtesy, and diligence.

Teru Brach

LA Techs

5 Stars

4.8 Excellent

Partnered with 50+ carriers

Surety bonds written by the most trusted names in the industry

Payment Bond

Bond Amount:

Equal to your project amount

Acceptance Guaranteed
Refund within 5 days if not satisfactory
Superior customer service

1 year bond starts at

of bound amount, based on
credit check

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Commonly Asked Questions

What is a Payment Bond?

A Payment Bond is a type of construction surety bond required on public works projects and many private jobs. It guarantees that the contractor will pay subcontractors, laborers, and suppliers for work and materials used on the project.

Purpose of Payment Bonds

Payment bonds ensure that subcontractors, laborers, and suppliers are paid in full. They are commonly mandated on federal, state, and municipal projects; private owners may require it as well.

Cost of Payment Bonds

Payment bonds are typically paired with performance bonds and priced together. The cost is usually 1–3% of the total contract value. Large projects may have lower percentage rates due to scale.