TYPES OF BONDS

Bond Services
Why Brehmer for your Bonds?
Information Needed for Surety Bonding
Surety Bond Markets

We specialize in several types of construction industry-specific bond programs including bid, performance and payment bonds:

BID BOND - A bid bond is a bond submitted at the time of a bid. This type of bond generally states that the contractor has financial assurance from the bonding company that his bid has been submittted in good faith and that the contractor will enter into the contract at the bid price.

PERFORMANCE BOND - A performance bond is a guarantee by the bonding company that the contractor will perform the work covered in the contract in accordance with the terms and conditions of the contract.

PAYMENT BOND - A payment bond is a guarantee by the bonding company that the contractor will pay all suppliers and subcontractors providing labor and/or materials for use in the performance of the contract.

The Brehmer Agency can also help you with a wide range of Surety bonds to guarantee license and permits such as electrical license, plumbing license, road opening permits, and hauling permits.