Surety Bond Premium/How much does a Surety Bond cost?/Alabama Surety/Bonding Alabama/Bonds/Neill Bonding & Insurance

Surety bond premiums vary from one surety to another, but can range from 0.5% to 2.5% of the contract amount, depending on the size, type, and duration of the project and the financial stability of the contractor. In many cases, the cost of a payment bond and a 12-month maintenance bond is included with the purchase of a performance bond.

 Typically, there is no charge for a bid bond if performance and payment bonds are required on the project.

2 comments to Surety Bond Premium/How much does a Surety Bond cost?/Alabama Surety/Bonding Alabama/Bonds/Neill Bonding & Insurance

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