Surety Bonds 101 - The Obligee

  • Also known as the owner of the project, The General Contractor, The State, The City, The Town, The Municipality, or any other term describing the entity the bond names as the Obligee.
  • They are the party that will receive financial recovery in the event of default by the Principal.
  • They may represent more than just themselves, the state may be the representative for the protection of its citizens.