Question 1

What will I pay for a performance bond?

stagingeckburg · Accepted Answer

Most performance bonds for small contractors will incur a rate of about $25 per $1,000 of the bid if the contract is under $350,000. For larger contract amounts, the rate can be as low as $15 per $1,000 if the contractor’s financials meet the insurance company’s requirements.

Question 2

What will I pay for a performance bond?

stagingeckburg · Accepted Answer

Most performance bonds for small contractors will incur a rate of about $25 per $1,000 of the bid if the contract is under $350,000. For larger contract amounts, the rate can be as low as $15 per $1,000 if the contractor’s financials meet the insurance company’s requirements.