A Labour and Material Payment Bond is a form of contract surety bond frequently required
along with a performance bond (please see performance bond tab).
This bond will be underwritten as part of the performance bond submission and guarantees
that all your subcontractors and material suppliers will be paid as required under your contract.
Please note that the labour and material payment bond is for the protection of your customer and
your subs and suppliers and does not discharge your company from its legal obligations under the contract.
The term payment bond is sometimes also used to refer to a financial guarantee bond which you may
be asked to furnish to a supplier from whom you are purchasing goods and with whom you do not
have a credit relationship which is adequate to cover the transaction.
Apply for a Bond
To apply for a bond, please complete our Bond Request Form, give us a call or send an email: