What Is a Surety Bond?

Ever wonder what a surety bond is, or why you need one?  There is no shortage of work to be done, or contractors willing to perform it.  However, entities paying for work with public tax dollars must confirm that the contractor can complete the job correctly, on time, and for the agreed price.  That's where the surety comes in.  

Contractors typically pursue the work by submitting a bid proposal. Our first job is to evaluate the contractor's ability to perform the work.  After our successful analysis we provide a bid bond to accompany the construction proposal.  When our client wins an award of the contract we provide the statutory performance and payment bond; then the work commences.  

We pre-qualify the contractor for the project, then provide an irrevocable guarantee (performance and payment bond) that the work will be performed in accordance with the contract terms.  


For more info, watch this short video "Getting Your First FIA Bond"


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2740 Rt. 10 West, Suite 205.

Morris Plains, NJ 07950

P 1 (888) 850-9063
F 1 (973) 402-0770


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Get Started With a Bond Program

started-persons Patrick J. Lynch Jr. (973) 541-3403 PLynchJr@fiasurety.com
started-persons Kenneth Vogt (973) 541-3416 KVogt@fiasurety.com
started-persons Patrick J. Lynch Sr. (973) 541-3401 LynchP@fiasurety.com
started-persons Paul Alongi Sr. (973) 541-3414 PAlongiSr@fiasurety.com

Providing A rated, T-listed Bonds in All States!

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