Hardy & Wren Insurance Services                 865-482-2222
Bonds

We can provide for all your bonding needs.

Types of Bonds
  • Bid Bond - A type of bond which guarantees the contractor submitting the bid, if awarded, will enter into a formal contract with the owner and furnish performance and/or payment bonds.
  • Maintenance Bond - A type of bond which guarantees the contractor will correct faulty work and replace defective materials associated to a project, typically under a specified period of time.
  • Payment Bond - A type of bond which guarantees payment of labor and materials associated with the performance of a contract.
  • Performance Bond - A type of bond which guarantees the faithfull performance of the terms described in a written contract.
  • Subcontract Bond - A type of bond required by a General Contractor, of a subcontractor, guaranteeing that the subcontractor will faithfully perform the work and pay for labor and materials associated with the subcontracted work.
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