Upon completion of a bonded project, the Owner or General Contractor may require a Maintenance Surety Bond to guarantee against issues that may arise after the construction has ceased. The Maintenance Bond provides to the Owner or General Contractor a financial guarantee that the Contractor or Subcontrator will correct any issues that arise as a result of defective designs, poor/substandard workmanship or materials used. The term of these bonds is usually 1 year, with occassions that require multiple years.
Maintenance Bonds
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