Types of Bonds

Brehmer Agency specializes in several types of construction industry-specific bond programs including bid, performance and payment bonds:

• BID BOND - A bid bond is a bond submitted at the time of a bid. This type of bond generally states that the contractor has financial assurance from the bonding company, that his bid has been submitted in good faith, and that the contractor will enter into the contract at the bid price.
• PERFORMANCE BOND - A performance bond is a guarantee by the bonding company that the contractor will perform the work covered in the contract in accordance with the terms and conditions of the contract.
• PAYMENT BOND - A payment bond is a guarantee by the bonding company that the contractor will pay all suppliers and subcontractors providing labor and/or materials for use in the performance of the contract.
• LICENSE & PERMIT BONDS - A license and permit surety bond is an important part of the entire free market system. These bonds are designed to protect consumers by ensuring that businesses perform their jobs according to the rules and regulations set forth by local, state and federal governments.

The Brehmer Agency can also help you with a wide range of surety bonds to guarantee license and permits such as electrical license, plumbing license, road opening permits, and hauling permits.