Maintenance Bond for all types of contractors.
- Electronically apply for your bond facility
- Secure business approval online
- Receive digital bonds when possible
- Reliable surety providers
Obtain the Maintenance Bond you need for projects or bid with that requirement. Secure comprehensive contract bonding services for a variety of projects, subject to the presence of a bond facility.
Click “Get a Quote” today to get started.
Maintenance Bond for all types of contractors.
Numerous bonding firms often reject applicants who don't meet their strict underwriting criteria. Not Us. We work in partnership with you to explore solutions that result in securing your approval.
While physical copies are still a requirement for many bonds, we actively minimize paper usage by offering digital versions of bonds and surety riders whenever possible.
While we engage with global surety enterprises for our bond guarantees, our origins are rooted in Canada.
You tell us what you need
We compare multiple quotes
You get the best coverage
A Maintenance Bond, also referred to as a Warranty Bond, is a form of surety bond that offers assurance for the quality of work performed by a principal contractor. It guarantees that the principal contractor will rectify any defects or issues that arise after the completion of a project, during a specified maintenance period. In this arrangement, the obligee (often the project owner or developer) is the beneficiary. If any problems surface within this timeframe, the surety company steps in to ensure that the necessary repairs or corrections are undertaken. The central purpose of a Maintenance Bond is to provide the obligee with financial protection against subpar workmanship or material quality during the maintenance phase of a project.
A Maintenance Bond is a vital component in ensuring the long-term quality and durability of a project. By securing this bond, you are providing a crucial safeguard against potential defects or issues that may arise after the completion of the project. This bond ensures that the principal contractor is responsible for addressing any necessary repairs or corrections during the specified maintenance period. By having a Maintenance Bond in place, you are protected from the financial burden of unexpected post-project repairs, ensuring that the work remains in optimal condition. This not only upholds the quality of your project but also fosters trust between project owners, developers, and contractors by demonstrating a commitment to delivering work of lasting value.
The cost of Labour & Material Payment Bond relies on the rates set by your Bond Facility and the scale of the contract required for the bond. The established rates for such bonds typically span between $1.50 and $15 for every $1,000 of the contract value.
The capability to secure various contract bonds, including a Maintenance Bond, is included within an annual subscription known as a Bond Facility. These subscriptions generally fall within the range of $1,500 to $5,000 per year.
Apply any time and get the right protection for your projects and tenders today! Please note that completing our application does not cost anything or require you to proceed with the bonding once a quote is provided – customer service is our priority.
We offer access to a standardized array of surety bonds, including:
Connect@TheReFrameGroup.com
Headquarters: #202 – 1965 W 4th Ave, Vancouver BC, Canada V6J 1M8
Toronto Office: 1268 – 2967 Dundas St. W, Toronto, ON M6P 1Z2
1.877.778.8455
© 2022 The ReFrame Group
