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Labour and Material Payment Bond


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:

Phone – 1.866.209.2813 ext 201

E-mail – rgolberg@suretysource.ca

Bond Request Form

If you would like to discuss Bonding or inquire about a quote, please fill out this form and we will get back to you as soon as possible.

Name:

Phone:

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Brokerage:

Bond Type: