Contract Bonds
Performance Bonds assure that a contract will be performed according to its terms and specifications. In the event a contractor defaults, these bonds generally obligate the surety to either: finance the contractor, undertake the completion of the project, tender a new contractor to the owner or pay the bond penalty.
Payment Bonds/ Labor and Material Bonds that assure a contractor will make appropriate, prompt and full payments for labor and materials provided for a project.
Maintenance Bonds assure a project will remain free of defects in workmanship or materials for a specific period of time.
HCCS specializes in providing contract bonds to small/ mid-size businesses. HCCS is willing to consider contractors that have periodic bond needs and is extremely effective at providing a surety solution for a contractor that does not meet the requirements or "credit models" of other surety underwriters. We believe we're the country's leading provider of contract bonds to small/ mid-size and minority businesses. HCCS is largest participant in the U.S. Small Business Administration Bond Guarantee Program (see below).
Contract Bond Quick and Easy Program
Our Quick and Easy contract bond program features a one page application and limited paperwork for most bid, performance and payment bonds on projects under $100,000.
Click here for a list of exclusions.
Click here for an Application.
Contract Bond Program
Performance/ Maintenance/ Bid Bonds/ Payment Bonds greater than $250,000.
Small Business Administration Bond Guarantee Program
Contact an HCCS Branch office directly to learn more about the SBA Bond Guarantee Program.
Click here to directly link to the SBA Bond Guarantee Program
Subdivision Bond Program
Subdivision bonds greater than $50,000.
Ability to consider stand alone small and large tract subdivision bonds.
Small Subdivision Bond Program
For bond requirements under $50,000, complete a multi application and personal financial statement.
