Premiums vary from Client to Client depending on the type of bond, quality of financials & surety company. Bid bonds are usually free. There is usually just one charge for a combined Performance & Payment Bond. Depending on circumstances, these rates can average to be less than 1% of the contract price up to about 3% of the contract price. We would be happy to review your situation and let you know what rates roughly what rates you might be able to use, and further, tell you what you could do in the future to obtain lower rates in the future.
How much do Surety Bonds Cost? Mike Wolff