Construction Surety Bonds: Performance and Payment Bonds for Major Projects
Prestige Bond Group specializes in large construction surety bonds for Texas contractors. Performance bonds, payment bonds, and bid bonds on projects from $500,000 to $50 million. Fast approvals through our network of top rated surety markets.
Performance Bond
Guarantees that your project is completed according to the contract terms. Typical cost: 1% to 3% of contract value.
Payment Bond
Protects subcontractors, laborers, and suppliers. Typical cost: 1% to 3% of contract value.
Bid Bond
Shows your capacity to honor a bid and enter into a contract. Typical cost: often included with performance bonds.
Maintenance Bond
Protects against defects after completion. Typical cost: 0.5% to 1% of contract value.
How It Works
1. Submit your project details.
2. We shop multiple top rated surety markets.
3. Get your quote within 48 hours.
4. Bond issued and project secured.
What You Need to Apply
✓ Completed bond application
✓ Last 2 years business tax returns
✓ Current financial statements
✓ List of completed projects
✓ Project contract documents