Maintenance Bond

Please choose from the options below to apply:

Option One:  For bonds above $350,000, or for more difficult guarantees, the Standard Application is required.

Option Two: The express program for projects under $350,000 won’t currently accept maintenance only bonds.

What are Maintenance Bonds?

Maintenance bonds are normally part of the performance bond, wherein a one year guarantee is implied. Separate maintenance bonds are required normally if the maintenance guarantee in the contract exceeds one year or if a municipality simply requires maintenance only bonds for work either not started, an or near completion or actually after completion. Maintenance bonds are normally limited guarantee against defective materials or workmanship.

If the contract language is not clear on the meaning of maintenance, it might be construed to mean it covers normal wear and tear, which is not the contractor or surety’s intent and a clear understanding needs to be included to avoid a dispute towards the end of the maintenance warranty