Bonds Maintenance Remodeling Headquarters
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https://mgsuretybonds.com/maintenance-bonds/
A maintenance bond is a three-party guarantee where the Surety (Bond Company) provides a guarantee to the Obligee (Owner or Upstream Contractor) that the Principal (Contractor Providing the Bond) will warranty the project from defect for a specific period of time and make repairs if needed.Estimated Reading Time: 8 mins
https://www.suretybonds.com/maintenance-bonds.html
Maintenance bonds fall under the category of construction, or contract, bonds. The main goal of a maintenance bond is to make sure a contractor remedies any defects or the owner is compensated for any defects that may have occurred throughout the construction project. Maintenance bonds can protect project owners against:
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