Arizona 
surety bonds for the Construction Industry
   

  

Arizona Surety Bonds
for the Construction Industry

 

     
 

 

 

 

  

   

We Specialize in Meeting the Surety Bond Needs
of Arizona Contractors

  

TYPES OF BONDS

 

 

 

 

 

BONDS THAT WE PROVIDE

Bid Bond:  an obligation undertaken by the bidder promising that the bidder will, if awarded the contract, enter into the contract and furnish the prescribed payment and performance bond within a specified period of time.

Performance Bond:  an obligation intended to cover the contractor's performance of a particular contract.  It guarantees payment - up to the penal sum - of such things as cost of completion or cost to correct deficiencies, which are the responsibility of the contractor.

Payment Bond:  an obligation intended to pay laborers, suppliers and other contract-related costs which the contractor owes to third parties.  The benefit to a private owner is that it provides a source of funds for those who might otherwise be able to enforce a lien against an owner's property.

Maintenance Bond:  This bond guarantees against defect in workmanship and materials for a given period of time. It may also require the contractor to maintain the quality of work over such period of time as outlined in the contract.

 

Bonds We Do Not Provide

License/Permit Bonds:  This bond guarantees that the licensee will conform to the laws or statutes relating to the business they are engaged in. They help qualify and enforce a variety of city and state laws and ordinances.

Tax Bonds:  This bond guarantees that sellers of taxable commodities will comply with all regulations and payment of taxes on such products.

Subdivision Bonds:  This form of Completion bond is required of real estate developers or contractors who subdivide land into smaller divisions for improvements. These bonds guarantee that such improvements will be completed before they are sold. Normally, the bond is written in the amount estimated to pay for all such improvements.

 

 

  Wendt Bonding
Surety Bonds for Arizona Contractors

151 Julie Lane
Sedona, Arizona 86336
PO Box 260
Sedona, Arizona 86339

928-282-2228  Fax: 413-473-0312

wendtbonding@sedona.net

  

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