What is a surety bond? A surety bond is a three-party agreement that guarantees the principal (UDHG/FBM) will fulfill its obligations to the obligee (project owner or GC). If we don't perform, the surety company steps in to make it right.
Bid Bond
Guarantees we'll honor our bid price and enter into the contract if awarded.
Typically 5-10% of the bid amount
Required at time of bid submission
Protects the obligee from frivolous bids
Performance Bond
Guarantees we'll complete the work per the contract terms.
Usually 100% of the contract value
Required at contract execution
Surety will finish the job if we can't
Payment Bond
Guarantees we'll pay our subcontractors and suppliers.
Usually 100% of the contract value
Often paired with a Performance Bond
Protects the supply chain
Maintenance Bond
Covers defects in workmanship or materials after project completion.
Typically 1-2 year warranty period
Usually a percentage of contract value
Starts after substantial completion
Supply Bond
Guarantees delivery of materials per the supply agreement.
Common for material-only contracts
Covers timely delivery of specified goods
Typically 100% of supply contract value
What's Needed on a Bond
Every bond request requires specific information to be processed. Make sure you have the following before submitting:
Bond Type — Which type of bond is required (bid, performance, payment, etc.)
Principal — The UDHG/FBM entity entering the contract
Obligee — The party requiring the bond (owner, GC, or government entity) with full legal name and address
Project Name & Location — Full project name and jobsite address
Bond Amount — The dollar value the bond must cover
Contract Amount — Total value of the contract being bonded
Bid Date — When the bid is due (for bid bonds)
Contract / Bid Documents — The bond form from the contract or bid package, if provided
Important: Many obligees require the bond to be on their specific form. Always check the contract or bid documents for a required bond form and attach it with your request.
Submit a Bond Request
Fill out the form below and click "Send Bond Request" to email the request. Attach any required bond forms or contract documents to the email before sending.
Requestor Information
Bond Details
Dollar value the bond must cover
When is the bid due? Bond must be ready before this date.