Surety Bonds

 Surety Bond Specialists

Experience the difference of working with a specialist.

At Catalyst Surety Partners, we use our team's past experience as bond underwriters and our trusted relationships with 30+ surety providers to advocate for your business.  Let us roll up our sleeves and get to work for your next job, and the next, and the next.

Need a Bond Quickly? You're in the Right Place. 

  • Surety Bond Specialists

    Surety bonds and insurance policies are  underwritten in an entirely different manner. Our team has 100+ years of collective surety industry experience. This deep understanding of how surety underwriters assess risk allows us to best position you to maximize your surety terms.

  • Surety Market Access

    Our agency maintains relationships with 30+ different surety carriers. This sheer access to a wide variety of surety carriers allows us to position your company with the best surety partner for not only today, but to support your business plan moving forward.

  • Simplified Qualification Process

    As bond underwriters we noticed that a great deal of the information requested was unnecessary in order to make a decision on a particular bond request. As a result, we've streamlined our agency's qualification process to only obtain the information that is absolutely necessary for an underwriter to make a decision.  

  • Never a Number Promise

    Speed and responsiveness are the cornerstones of our service model. No matter the size of your business or frequency of your bond needs, when you partner with Catalyst, you're part of the family. Each and every one of our clients enjoys the same consistently quick service. 

  • Catalyst For Growth

    We want to know you, not just your paper trail. We go to bat for businesses we believe in, thus we want to have a deep understanding of your business plan. If your plan is to grow, we arm you with a suite of resources and industry insights to help you on your growth journey.

Common Contractor Bond Questions.

  • What's a Surety Bond?

    A surety bond is a three party agreement where the surety guarantees the fulfillment of an obligation that one party (the principal) has promised to fulfill on behalf of another party (the obligee). 

  • What's a Bid Bond?

    Bid bonds guarantee that a bidder on a contract will enter into the contract if awarded the project and furnish the required payment and performance bonds. 


    Bid bonds are typically required to be in the amount of 5% of the total bid amount for most projects other than federal projects (the federal government requires bid bonds to be 20% of the total bid amount).


    Surety companies generally do not charge a premium for bid bonds as the premium charge arises when performance and payment bonds are issued. However, a contractor must qualify for the bid bond with a surety company prior to the surety approving the bond.

  • What's a Performance Bond?

    Performance bonds guarantee that a contract will be completed in accordance with the terms and conditions of the contract.


    Performance bonds are generally issued in an amount equal to 100% of the contract value.


    The typical premium cost for a performance bond ranges from 0.5% to 3% of the contract price. The exact pricing depends on the size of the bond and the overall creditworthiness of the contractor in the eyes of a surety underwriter. Performance bonds and payment bonds are provided together for one premium charge.


  • What's a Payment Bond?

    Payment bonds guarantee suppliers and subcontractors are paid for work performed under the bonded contract.  Payment bonds are typically required by a project owner in conjuction with a performance bond.


    Payment bonds are generally written in an amount equal to 100% of the contract value.


    Payment bonds are typically required to be provided along with a performance bond for a specific contract. The typical premium cost for a performance and payment bonds ranges from 0.5% to 3% of the contract price (both bonds provided for one premium charge). The exact pricing depends on the size of the bond and the overall creditworthiness of the contractor in the eyes of a surety underwriter. 

  • How Long Does It Take To Get a Bond?

    How quickly we can get you your bond largely depends on how quickly you can get us the information we need to get to work. After we get the required underwriting information, our goal is to be back to you with terms within one business day.

  • How Much Does a Bond Cost?

    There is no premium charged for a bid bond - you only pay premium on a contract bond if you are awarded a contract and need performance and/or payment bonds. 


    The premium sureties charge for performance and payment bonds typically ranges from 0.5% to 3% of the contract price. The exact pricing a surety will offer your company all depends on the size of bond you need and your underwriting profile. 

100+ Years

 There's over 100 years of industry experience behind our team.


50 States

We're licensed to write bonds in all 50 states (plus D.C.).

> 400 Contractors

We've helped over 400 contractors improve their bonding.


> 30 Surety Markets

We work with over 30 highly-rated surety carriers.

Leverage the Power of Our Surety Partners

The strength of surety solutions that any agency can provide rests largely in their access to the surety companies that underwrite and financially back the bonds. We represent over 30 different surety underwriting companies, which collectively provide us with access to over 85% of the entire surety market based on premium volume. The diversity of sureties we partner with allows our agency to provide robust solutions for clients of any size or type.

*Based on the Surety & Fidelity Association of America's Q2 2022 data

Your Catalyst For Growth

We want to know you, not just your paper trail. We go to bat for businesses we believe in, thus we want to have a deep understanding of your business plan. If your plan is to grow, we arm you with a suite of resources and industry insights to help you on your growth journey. Below you can navigate to some of our resources that help you position for growth.
Construction Economics Hub
Economic Outlook
Grow Your Bonding Capacity
Management White Papers
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