Bid Bonds
Provides financial assurance that the bid has been submitted in good faith, and the contractor intends to enter into the contract at the bid price and provide the required performance and payment bonds.
Payment Bonds
Guarantees that the contractor will pay certain laborers, subcontractors and material suppliers associated with the project.
Performance Bonds
Protects the obligee from financial loss should the contractor fail to perform the contract in accordance with the terms and conditions of the contract documents.
License and Permit Bonds
Guarantees to a public entity (i.e. a state, municipality or township) that specific statutory provisions will be followed in order to obtain or renew a particular construction license or permit.
Maintenance Bonds
Guarantees the workmanship (and defective materials) of a project for a stipulated number of years after completion. The performance bond typically includes a one year maintenance period.
Notary Bonds
Guarantees the public in the event of financial damage caused by malpractice when performing notarial duties.
Fuel/Job Bonds
Guarantees the contractor will pay taxes to the Mississippi Department of Revenue on revenue earned.
Sales Tax Bonds
Guarantees the contractor will pay taxes to the Mississippi Department of Revenue on revenue earned.
Lottery Bonds
Guarantees that the business owner will report all sales and earnings of lottery sales to the Mississippi Lottery Corporation.